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Sycamore plans three-way division of Walgreens after buyout, FT reports

FILE PHOTO: Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City

FILE PHOTO: Signage is seen outside of a Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo

Sycamore Partners is planning a three-way split of Walgreens Boots Alliance if a deal to take the struggling 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, will be separated and have distinct capital structures, according to the report. Sycamore and Walgreens both declined to comment on the report.



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