Walgreens Stock Jumps as Drugstore Chain Reportedly Nears $10B Take-Private Deal

1. Walgreens is nearing a $10 billion privatization deal with Sycamore Partners. 2. Shares jumped around 5% premarket on the news of the transaction. 3. Sycamore is expected to pay between $11.30 and $11.40 per share. 4. Walgreens has struggled, planning to close 1,200 stores and suspending dividends. 5. The company’s stock is down 50% over the last year despite recent gains.