Walgreens Boots Alliance, Inc. announced that its shareholders have approved the acquisition of the company by entities affiliated with Sycamore Partners Management, L.P., with approximately 96% of votes cast in favor. The deal is expected to close in the third or fourth quarter of calendar year 2025.
Under the terms of the Merger Agreement, WBA shareholders will receive $11.45 per share in cash at closing, and an additional Divested Asset Proceeds Right worth up to $3.00 per share from the future monetization of VillageMD, which includes several healthcare businesses.
The company expects to close the transaction subject to customary closing conditions, including regulatory approvals. The final voting results will be reported in a Form 8-K filed with the U.S. Securities and Exchange Commission.
Walgreens Boots Alliance is an integrated healthcare, pharmacy, and retail leader serving millions of customers and patients daily. With approximately 12,500 locations across the US, Europe, and Latin America, the company plays a critical role in the healthcare ecosystem.
The acquisition marks a significant milestone for the company, as it looks to accelerate its turnaround strategy, enhance customer experience, and become the first choice for pharmacy, retail, and health services.
Source: https://investor.walgreensbootsalliance.com/news-releases/news-release-details/walgreens-boots-alliance-shareholders-overwhelmingly-approve