India, Aug. 28 -- Independent retail pharmacy Walgreen Co. announced Thursday it is now operating as a private standalone company following the closure of the acquisition of Walgreens Boots Alliance, Inc. (WBA) by New York-based private equity firm Sycamore Partners.
Walgreens Boots Alliance agreed in early June to be taken private by Sycamore in a deal valuing the beleaguered drugstore chain at up to $23.7 billion, consisting of $11.45 per share in cash and additional potential value of Up To $3.00 in cash per WBA share from future monetization of the VillageMD businesses, which includes the Village Medical, Summit Health and CityMD businesses.
Following the closure, Walgreens Boots Alliance will continue to operate under Walgreens, Boot...