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Walgreens stock rises amid $10 billion deal with Sycamore Partners to take the drugstore chain private

Walgreens Boots Alliance (WBA) finalized a $10 billion deal, worth as much as $23.7 billion, with Sycamore Partners to go private after four months of negotiations, the companies announced Thursday.

Another major pharmacy chain closes stores nationwide

For some pharmacy locations, the growth of same-day delivery and online prescription options has slowly chipped away at their customer base. Only a few years ago, if a person got sick, they went to ...

Walgreens is laying off hundreds of workers, but its list of store closures in 2026 might not be as big as feared

The pharmacy chain, which was taken private last year, has confirmed that it will cut some employees as it focuses on improving the in-store experience. Walgreens will lay off hundreds of employees as ...
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Walgreens’ lost decade: How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble

In hindsight, it was an exchange that encapsulated years of shopper frustration. On an earnings call in January, a Wall Street analyst asked Walgreens Boots Alliance CEO Tim Wentworth about his ...