Sycamore planning a three-way split of Walgreens after buyout, FT reports

Sycamore planning a three-way split of Walgreens after buyout, FT reports

(Reuters) – The Financial Times reported on Thursday – SYCAMORE Partners is planning to divide three main companies in separate units with distinctive capital structures after taking a special pharmacy chain.

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Near: February 26 at 4:00:01 pm EST

Walgrens is said to have talks to sell itself to SYCAMORE for private stocks, but no deal has been reached yet.

Walgrens shares increased by $ 7 % to $ 11.57 in pre -market trade.

The financing of the deal for the agreement is not expected to be an obstacle, according to the report. She added that Stefano Besina, CEO of Walgrens, maintains a large share of the company as part of the deal.

Sycamore refused to comment on the Reuters request, while Walgrens did not respond immediately.

(RPORTING Incing, Bhanvi Stivele and Roy in Money

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