Future of Walgreens in the balance as struggling pharmacy giant nears major deal that may accelerate store closures
The future of Walgreens is uncertain as the beleaguered company nears a major deal. The struggling pharmacy giant is reportedly nearing a $10 billion deal to sell itself to private equity firm Sycamore Partners, according to reports from The Wall Street Journal. The deal would take the company private and could lead to the dismantling of unprofitable sections of the brand. Sources close to the negotiations told the Journal that an agreement could be announced as early as March 6.
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