WBA rose over 20%, reports indicate that the company is considering a sale to Sycamore
Walgreens Boots Alliance (WBA) stock price rose over 20% after reports that the company is considering a sale to Sycamore Partners LP. A potential deal is expected to be reached in early 2025. If the transaction is successful, WBA will be delisted. WBA's stock price triggered a trading halt during the session, with an increase of up to 23%
According to The Wall Street Journal, pharmacy chain Walgreens Boots Alliance Inc. is in talks to sell to Sycamore Partners LP. An agreement regarding this potential transaction is expected to be reached in early 2025. If an agreement is reached, WBA will then be delisted. WBA's increase expanded to 5.9%, triggering an intraday trading halt; after trading resumed, the increase quickly expanded to 23%.
Risk Warning and Disclaimer
The market carries risks, and investment should be approached with caution. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article align with their specific circumstances. Investment based on this is at one's own risk