Walgreens Takes Major Step Toward Becoming Private Company Again
1. WBA shareholders approved acquisition by Sycamore Partners with 96% of votes. 2. Shareholders will receive $11.45 per share, plus possible additional payouts. 3. WBA reported a net loss but exceeded market expectations in recent sales. 4. Transaction aims to accelerate Walgreens' turnaround strategy as a private company. 5. Closing expected in late 2025, subject to regulatory approvals.