Walgreens to go private in roughly $10 billion deal with Sycamore Partners

1. Walgreens is going private, valued at $10 billion by Sycamore Partners. 2. Shareholders receive $11.45 per share, plus potential future payouts. 3. Walgreens shares surged 5% in after-hours trading after the announcement. 4. Company struggles with competition, losing market value from $100 billion to under $8 billion. 5. Walgreens plans to close 1,200 stores over three years amid profitability issues.