Stocks jump. What would this mean? All over the news.
https://www.chicagobusiness.com/health-care/walgreens-talks-sell-itself-private-equity-wsj?share-code=17338549541951665-193b1f1e5a5&utm_id=gfta-ur-241210
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Walgreens and Sycamore have been discussing a deal that could be completed early next year, The Wall Street Journal reported, citing people familiar with the matter. New York-based Sycamore would likely sell off pieces of Walgreens’ business or work with partners, the Journal reported.
Why couldn't Walgreens take these actions on our own? Why should it be sold to PE to do this? Is it because the management knows they are incompetent?
The deal may involve Sycamore selling off pieces of Walgreens’ business or working with partners, the Journal reported, noting the size of the dr-gstore chain has made it a difficult target for private equity suitors.
Hard to say... the parts of Walgreens Boots Alliance are worth more than the whole right now. Maybe they will take a chainsaw to it or maybe actually figure out how to run an integrated multi-national healthcare company which Stefanos couldn't.