BUZZ-Walgreens rises after report Sycamore planning a three-way split after buyout

Reuters
27 Feb
BUZZ-Walgreens rises after report Sycamore planning a three-way split after buyout

** Shares of pharmacy chain Walgreens Boots Alliance WBA.O rise 4.80% to $11.57 premarket

** Sycamore Partners plans to split co's three main businesses into separate units with distinct capital structures after taking it private, the Financial Times reports, citing people familiar with the matter

** The financing for a potential take-private of the troubled retailer is not anticipated to be an obstacle, the report added

** Sycamore Partners declined to comment, WBA did not immediately respond to a Reuters request

** Walgreens has been reportedly in talks to sell itself to private equity firm Sycamore, but no deal has been reached yet

** Shares fell ~47% in the last 12 months

(Reporting by Sriparna Roy in Bengaluru)

((Sriparna.Roy@thomsonreuters.com;))

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