Feb 27 (Reuters) - Sycamore Partners is planning a three-way split of Walgreens Boots Alliance (WBA.O), opens new tab if a deal to take the struggling pharmacy chain private is reached, the Financial Times reported on Thursday, citing people familiar with the matter.
Walgreens' three businesses - U.S. retail pharmacy, Boots UK and U.S. healthcare - will be separated and have distinct capital structures, according to the report. Sycamore and Walgreens both declined to comment on the report.
Only downside of any of this is that SP will still be involved. He’s led this since 2015 and nothing will change until he’s out of the picture.
Regarding:”So basically make us…”. Sure.
So what exactly does this mean for the stores? (Referring to U.S.retail) And can the individual parts survive on their own?
So basically make us Walgreens like we used to be….
Stefano didn't see enough $$$ before but now has given up hope.
https://www.wsj.com/articles/sycamore-plans-to-split-staples-into-three-1498749012
same recipe from staples
Walgreens management should have done this long time ago. They were incompetent to execute the divestiture of Boots and other assets.