Sycamore Partners is considering a three-way split of Walgreens Boots Alliance contingent upon successfully taking the struggling pharmacy chain private. The split would involve separating its U.S. retail pharmacy, Boots UK, and U.S. healthcare divisions, allowing for distinct capital structures for each segment. Despite ongoing discussions since December, a formal deal is not yet finalized. Share prices saw a positive response, rising 5% as speculation grows. Concerns about financing have been raised, but recent reports suggest these should not pose a significant issue, with the executive chairman poised to retain a notable stake.
Sycamore Partners is planning a three-way split of Walgreens Boots Alliance if a deal to take the struggling pharmacy chain private is reached, according to the Financial Times.
Shares of the Deerfield, Illinois-based company rose 5% to $11.62 in early trading, indicating a positive market response to the potential deal.
#walgreens-boots-alliance #sycamore-partners #private-equity #pharmacy-chain #corporate-restructuring
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