Big news for Walgreens! This huge drugstore company is being bought by another company called Sycamore Partners. It's like when you sell your old toys to get something new. Walgreens wasn't doing so well, so this sale could help them improve.
- Sycamore Partners will pay about $10 billion for Walgreens.
- Each Walgreens shareholder might get extra money, up to $3 per share!
- Walgreens will become a private company, meaning it won't be listed on the stock market anymore.
- Walgreens has been closing stores and making changes to its business.
| Fact | Number |
|---|---|
| Deal Value (equity) | $10 billion |
| Deal Value (including debt) | $24 billion |
| Price per share | $11.45 |
| Number of US stores to close | 1200 |
