Walgreens to go private in $10B deal
Please see what you are clicking on foxbusiness.com. Drugstore chain Walgreens Boots Alliance announced it will be private on Thursday. The struggling company has signed a deal with Sycamore Partners, a private equity company worth $10 billion. Sycamore paid $11.45 per share, with a premium of $10.60 on Thursday at 8%. The company's shares rose […]
Walgreens about to be sold to private-equity firm for $10B: report
The Walgreens Boots Alliance is on the verge of privately introducing a deal with private equity firm Sycamore Partners in a deal worth around $10 billion, according to the report. The negotiations are in a sophisticated stage, with both sides aiming to seal the agreement on Thursday, but last-minute hurdles could still delay or derail […]
Walgreens to permanently close 5 LA-area stores
The Walgreens plans to close five locations in Los Angeles and Orange counties in the coming weeks. This could result in at least 93 unemployment as struggling retailers stay ahead of the downsizing, which sees around 1,200 closures nationwide. The pharmacy chain will shutter stores in Whittier, downtown Los Angeles, Orange, Placentire and Stanton, according […]
Florida dad Anthony Souvenir killed by Jaime Taylor in front of son at Miramar Walgreens
A Florida father celebrating his birthday was shot in front of his one-year-old son during an argument with a stranger inside Walgreens. Anthony Souvenir, 27, was in Miramar Pharmacy with her son and girlfriend when she accused 28-year-old Jaime Taylor of staring at someone important. Taylor was in the store for a few minutes loaded […]
DOJ hits Walgreens with lawsuit for filling 'unlawful' opioid prescriptions
The Department of Justice (DOJ) this week sued drugstore chain Walgreens for filling “illegal” opioid prescriptions without a “legitimate” medical purpose for more than a decade. The lawsuit is submitted On Thursday, in the U.S. District Court for the Northern District of Illinois, a Walgreens pharmacist dispensed millions of prescriptions despite “red flags” that indicated […]
Walgreens Plans To Close 450 Stores In 2025
The Pro-Trump News homepage sees 60 new headlines every 24 hours. Click here to take a look. Walgreens plans to close 450 stores by 2025. Approximately 1,200 stores will close over the next three years. USA Today reported: Walgreens continues to close stores as part of its restructuring plan. Walgreens stores are being thinned out. […]
Walgreens CEO admits anti-theft measures ‘largely ineffective’
Top executives at Walgreens lamented lost sales from putting products like toothpaste behind lock and key in an effort to crack down on rampant shoplifting plaguing pharmacy chains across the country. “When you lock things up… you don't sell as much,” Tim Wentworth, CEO of Walgreens Boots Alliance, told investors on a recent earnings call. […]
Dual-wielding gunman on the run after Walgreens holdup in Memphis
A brazen robber is on the run after an armed robbery at a Walgreens store in Memphis, Tennessee on Sunday. It's one of the latest crimes plaguing one of the nation's most dangerous cities. The man burst into the Walgreens on Macon Road around 1:30 a.m. with two guns in each hand. According to Memphis […]
Walgreens could ‘aggressively’ cut costs if privately owned, analyst says
About one independent pharmacy will close every day in 2023, and a similar number is expected to close this year, according to the National Community Pharmacists Association. Walgreens Boots Alliance's acquisition by private equity firm Sycamore Partners would give it more flexibility to “aggressively” cut costs to address persistent industry challenges, according to industry analysts. […]
Walgreens in talks to sell itself to Sycamore Partners: report
Walgreens shares soared 20% on Tuesday after reports the pharmacy giant was in talks to go private, but at a fraction of the price the company's stock cost less than a decade ago. It was. Walgreens Boots Alliance and Sycamore Partners, the buyout firm that previously acquired Staples, Talbots and Aeropostale, are in talks on […]