India, April 8 -- Shares of Walgreens Boots Alliance, which is in deal to be taken private by Sycamore Partners, were gaining around 3 percent in the pre-market activity on the Nasdaq, after the company reported Tuesday sharply narrower net loss in its second quarter with higher net sales. Adjusted earnings and top line beat market estimates.
Chief Executive Officer Tim Wentworth said, "Second quarter results reflect disciplined cost management and improvement in U.S. Healthcare, which were partially offset by weaker front-end results in U.S. Retail Pharmacy, while significant legal settlements resulted in continued negative free cash flow. We remain in the early stages of our turnaround plan, and continue to expect that meaningful value c...