Walgreen Co. ranks No. 43 on the Transport Topics Top 100 list of the largest private carriers in North America. (Justin Merriman/Bloomberg News)
Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, the Wall Street Journal reported, turning one of the oldest, most recognizable U.S. drugstore chains into a private company.
Sycamore will pay $11.45 a share in cash for Walgreens, the Journal said March 6. The offer represents a roughly 8% premium to Walgreens’ closing price March 6 in New York.
A representative for Walgreens didn’t immediately respond to a message seeking comment.
Walgreen Co. ranks No. 43 on the Transport Topics Top 100 list of the largest private carriers in North America.
