Walgreens is in talks to promote itself to personal fairness agency Sycamore Companions, The Wall Avenue Journal reported Tuesday, citing folks accustomed to the matter.
The pharmacy chain and Sycamore have been discussing a deal that might be accomplished early subsequent yr, assuming talks don’t disintegrate, the report added.
Walgreens didn’t instantly reply to a Reuters request for remark.
Any deal could be an enormous chew for Sycamore, a New York-based agency that focuses on retail and shopper investments and extra just lately is healthier recognized for smaller offers, the report stated.
Sycamore would seemingly dump items of the enterprise or work with companions, one of many folks stated, WSJ reported.
Walgreens shares jumped 21% to $10.74 in current buying and selling on Tuesday.
