(Reuters) -Walgreens Boots Alliance is in talks to promote itself to non-public fairness agency Sycamore Companions, in response to an individual acquainted with the matter, as the pharmacy chain operator seeks to go non-public with its shares falling for a couple of decade.
Walgreens has labored with its advisors in latest weeks and has additionally contacted different potential consumers, however is at present solely in talks with Sycamore, the supply mentioned.
A possible deal is anticipated to be signed early subsequent yr, the supply mentioned.
Walgreens and Sycamore declined to remark.
Shares of the second-largest drugstore chain operator in the US rose almost 23% in afternoon buying and selling following the information.
It was the Wall Road Journal which was the primary to announce the information.
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