Walgreens agrees to be acquired by Sycamore

 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

Sycamore and WBA Combine Retail and Healthcare Expertise to Better Position WBA to Accelerate Turnaround Plan

Walgreens Boots Alliance (NASDAQ: WBA) (the "Company" or "WBA") today announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners ("Sycamore"), a private equity firm specializing in retail, consumer and distribution-related investments. The total value of the transaction represents up to $23.7 billion

WBA shareholders will receive total consideration consisting of $11.45 per share in cash at closing of the Sycamore transaction (the "Cash Consideration") and one non-transferable right (a "Divested Asset Proceed Right" or "DAP Right") to receive up to $3.00 in cash per WBA share (together with the Cash Consideration, the "Total Consideration") from the future monetization of WBA’s debt and equity interests in VillageMD, which includes the Village Medical, Summit Health and CityMD businesses (such businesses, "Divested Assets"). 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. Additional information about the future monetization of the Divested Assets and the DAP Rights is included below and a supplemental presentation can be found on the WBA investor relations website at investor.walgreensbootsalliance.com.

https://finance.yahoo.com/news/walgreens-boots-alliance-enters-definitive-221500923.html