Walgreens Boots Alliance has entered into a definitive agreement to be acquired by Sycamore Partners in a transaction valued at approximately $10 billion. This acquisition marks the end of Walgreens' nearly 100-year history as a public company. The deal, which involves the management of 8,700 store locations, is expected to streamline operations, potentially closing around 1,200 underperforming stores while enhancing the performance of the more profitable ones. In a separate development, the Brazilian Moreira Salles family has made an offer for Verallia, a French glass packaging manufacturer, which has an enterprise value of €6.1 billion ($6.6 billion). This move reflects the family's strategy to increase its exposure outside Brazil.
This won't be a problem once the private equity bust out of Walgreens is complete. https://t.co/ojp09r4Pby
Walgreens’s almost centurylong run as a public company is coming to an end https://t.co/0R9sx9dJNf
A consortium consisting of Warburg Pincus and KKR are in talks to acquire Gerresheimer, the German maker of packaging for drugs and cosmetics https://t.co/YUQSAGCcCp via @ak_mna @eyk_henning @DNair5 @business #PrivateEquity