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The Alogreens Boots Alliance struck a $ 10bn agreement with Private Equity Group Sycamore colleagues to bring a company to a public company.
Sycamore agrees to pay $ 11.45 a part of getting Walgreens Private, buying its stock at approximately 30 percent premium before reports in December and provided this equity value of about $ 10bn, the pharmacy chain said on Thursday.
Sykamore holds the US retail business and sell or sell the rest, which includes UK pharmacy chain boots, as part of a three-way parted. Walgreens shareholders can pay additional $ 3 parts based on Walgreens’ business business in Walgreens’s.
Among the debt and contingent to hitting the future performance targets, the agreement can be worth Walgreens as much as $ 23bn. As part of the agreement, Italy Stefano Pessi, Executive Evolit of Walgreens’ and the largest shareholder, maintain a sized business minority sharing.
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