The news: Talks of a Walgreens sale to private equity firm Sycamore Partners are heating up again. A take-private deal, though not guaranteed, could divide Walgreens Boots Alliance into three parts, according to a Financial Times report.
Walgreens shares jumped nearly 5% on the heels of the latest rumor.
How a Sycamore-Walgreens deal could play out: Sycamore would first take Walgreens private before splitting the retailer’s three company segments into distinct units, per FT. Those three businesses under WBA are as follows: