Walgreens Boots slides after CNBC’s Faber calls Sycamore deal ‘mostly dead’

Shares of Walgreens Boots Alliance (WBA) are down about 3% to $11.49 in early trading after CNBC’s David Faber said on-air that his sources tell him that a potential deal with Sycamore ‘is “mostly dead.” Previously, in December, Sky News had reported that Sycamore Partners had approached lenders including Bank of America (BAC) and JPMorgan (JPM) about funding its prospective bid for Walgreens Boots.

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