Sycamore Partners is planning a three-way split of Walgreens Boots Alliance (WBA.O), opens new tab if a deal to take the struggling pharmacy chain private is reached, the Financial Times reported on Thursday, citing people familiar with the matter.
Walgreens’ three businesses - U.S. retail pharmacy, Boots UK and U.S. healthcare - will be separated and have distinct capital structures, according to the report. Sycamore and Walgreens both declined to comment on the report.
Walgreens Boots Alliance Inc (NASDAQ:WBA) is close to finalizing a deal with private equity firm Sycamore Partners that would take the struggling drugstore chain private in a transaction valued at around $10 billion, according to a Monday report from the Wall Street Journal, citing sources familiar with the matter.
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