Sycamore Partners to acquire Walgreens Boots Alliance, Inc. for $23.7B. WBA stock up 7.3%. Click for my review of the deal and strategy for WBA shareholders.

Investment firm Sycamore Partners has confirmed a binding agreement to purchase US healthcare and retail major Walgreens Boots Alliance (WBA) for $23.7bn. WBA shareholders will be compensated with $11.

The Walgreens Boots Alliance Friday said the drug store chain is going private, acquired by private equity company Sycamore Partners in a $23.7 billion deal described as a "definitive agreement."