Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm. The total value of the transaction represents up to $23.7 billion. WBA shareholders will receive $11.45 per share in cash and one non-transferable right to receive up to $3.00 in cash per WBA share from the future monetization of VillageMD businesses. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including approval by WBA shareholders and regulatory approvals. Upon completion, WBA’s common stock will no longer be listed on the Nasdaq Stock Market, and WBA will become a private company. The transaction agreement provides for a “go-shop” period during which WBA will actively solicit alternative proposals. — news from Walgreens Boots Alliance Investor Relations