Sycamore Partners has approached lenders including Bank of America (BAC) and JPMorgan (JPM) about funding a prospective $10B+ takeover deal for Walgreens Boots Alliance (WBA), Sky News’ Mark Kleinman reports. According to an industry source, if Sycamore acquires Walgreens, the firm could look to sell both Boots and VillageMD, the doctor-staffed chain of clinics.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBA:
- Leerink says Walgreens, Sycamore deal ‘far from a slam dunk’
- Walgreens buyout ‘harder to contemplate,’ says Morgan Stanley
- Unusually active option classes on open December 11th
- M&A News: Walgreens Stock (WBA) Soars amid Potential Acquisition by Sycamore
- Sycamore would likely need partners to take Walgreens private, says Evercore ISI