Walgreens agrees to be acquired by private equity firm for almost $10 billion
Walgreens, while denying any wrongdoing, has agreed to pay $100 million to settle claims in *** class action lawsuit alleging it overcharged insured customers for generic prescription drugs compared to its prescription savings Club members. This program, which ended on August 31, 2024, offered discounted prices to members who paid an annual fee. You qualify if you paid for prescription drugs at Walgreens using insurance between January 1, 2007 and November. 18th 2024, *** more than 17 year time span. If you got *** settlement notice with an ID number and you’re claiming under $10,000 no extra paperwork is needed. If you didn’t receive *** notice or are claiming more, you must provide proof of expenses. To submit your claim, go to savingsClubsettlement.com, then click File *** claim. From there you can fill it out online or download *** copy to file your claim by mail. The deadline to file is Thursday, April 17th. *** hearing to finalize the settlement and to sort out payments is scheduled for September 10th. Reporting in Washington, I’m Amy Lou.
Walgreens agrees to be acquired by private equity firm for almost $10 billion
Updated: 5:16 PM CST Mar 6, 2025
Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.Related video above: Walgreens $100M settlement explained: Are you eligible?Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just under $10 billion. Shareholders could eventually receive up to another $3 per share under certain conditions.A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction. The company has already been making some big changes as it seeks to turn around its business. Walgreens has been a public company since 1927.Walgreens, founded in 1901, has been dealing with thin prescription reimbursement, rising costs, persistent theft and inflation-sensitive shoppers who are looking for bargains elsewhere. Walgreens is in the early stages of a plan to close 1,200 of its roughly 8,500 U.S. locations.The Deerfield, Illinois, company had already shed about a thousand U.S. stores since it grew to nearly 9,500 after buying some Rite Aid locations in 2018.
NEW YORK —Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.
Related video above: Walgreens $100M settlement explained: Are you eligible?
Walgreens said Thursday that Sycamore will pay $11.45 per share, giving the deal an equity value just under $10 billion. Shareholders could eventually receive up to another $3 per share under certain conditions.
A buyout to take the drugstore chain private would give it more flexibility to make changes to improve its business without worrying about Wall Street’s reaction. The company has already been making some big changes as it seeks to turn around its business. Walgreens has been a public company since 1927.
Walgreens, founded in 1901, has been dealing with thin prescription reimbursement, rising costs, persistent theft and inflation-sensitive shoppers who are looking for bargains elsewhere. Walgreens is in the early stages of a plan to close 1,200 of its roughly 8,500 U.S. locations.
The Deerfield, Illinois, company had already shed about a thousand U.S. stores since it grew to nearly 9,500 after buying some Rite Aid locations in 2018.
