Yahoo Finance

Walgreens Boots Alliance has confirmed a $23.7 billion deal to be acquired by the private-equity firm Sycamore Partners. The struggling drugstore chain operator said the deal is for $11.45 a share in cash, a 29% premium to its closing price on Dec. 9, before the first media reports of a potential transaction. Shareholders will also receive up to $3 in cash per share representing the future sale of the company’s debt and equity interests in VillageMD, a health clinic business that includes Village Medical, Summit Health, and CityMD to bring the total value to $23.7 billion.