New York CNN —
Walgreens Boots Alliance is being taken private in a deal valued up to $23.7 billion, following a largely disastrous run on the public markets where its market cap has lost billions and more than 10% of its locations have closed.
It brings an end to nearly 100 years as a publicly traded company. After opening its 100th store in Chicago, Walgreens went public the following year in 1927.
Private equity firm Sycamore Partners agreed to pay $11.45 a share in cash, according to a statement from Walgreens. Including debt and other
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