India, March 6 -- Walgreens Boots Alliance Inc. (WBA) agreed to be taken private by the private equity firm Sycamore Partners in a transaction valuing the beleaguered drugstore chain at up to $23.7 billion. Total consideration consists 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 villageMD businesses.
The cash consideration represents a premium of 29%, and the total consideration represents a premium of up to 63%, to the WBA closing share price of $8.85 on December 9, 2024, the day prior to the first media reports regarding a potential transaction.
Upon completion of the transaction, WBA's common stock will no longer be listed on the Nasdaq Stock Market, and WB...