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NEW YORK — Sycamore Partners is planning a three-way split of Walgreens Boots Alliance if a deal to take the pharmacy chain private is reached, the Financial Times reported on Thursday, citing people familiar with the matter.
Walgreens' three businesses - U.S. retail pharmacy, Boots UK and U.S. healthcare - could be separated and have distinct capital structures, according to the report. Sycamore and Walgreens both declined to comment on the report.
MSN: WBA’s stock shows gains amid report about financing for potential Sycamore deal
A potential buyout would include terms loans, a bridge loan, and asset-based lending, according to the post. WBA has also agreed to pay $595 million to settle a contract dispute with telemedicine provider Everly Health Solutions.
Bill Schiffner
Walgreens has reportedly been in talks to sell itself to private equity firm Sycamore since December, but a deal is yet to be reached.
