Walgreens Boots Alliance has agreed to go private in a $10 billion deal with Sycamore Partners, which will pay $11.45 per share. The move aims to address the company’s declining market value and margins due to increased competition from rivals like Amazon and Walmart. As a private company, WBA is expected to have more flexibility to make significant changes to its business, potentially leading to aggressive cost-cutting efforts.
Source: https://www.foxbusiness.com/markets/walgreens-go-private-10b-deal