Walgreens Boots Alliance shares surged after CNBC’s David Faber upgraded the status of its take-private deal with Sycamore Partners from “mostly dead” to “alive.” The drugstore chain faces increasing competition online, making this development significant.
Source: https://www.bloomberg.com/news/articles/2025-02-18/walgreens-gains-after-cnbc-says-sycamore-takeout-is-alive