(Reuters) -Walgreens Boots Alliance is in talks to promote itself to personal fairness agency Sycamore Companions, in response to an individual accustomed to the matter, because the pharmacy chain operator appears to be like to go personal with its shares sliding for a few decade.
Walgreens has been working with its advisers over the previous few weeks and had additionally reached out to different potential consumers however is at present in talks with solely Sycamore, the supply stated.
A possible deal is probably to be signed by early subsequent 12 months, the supply stated.
Walgreens and Sycamore declined to remark.
Shares of the second-largest U.S. pharmacy chain operator had been up almost 23% in afternoon buying and selling following the information.
The Wall Road Journal had first reported the information.
