Health
Walgreens Gains After CNBC Says Sycamore Takeout Is ‘Alive’
- Drugstore chain facing online competition for retail sales
- CNBC’s Faber had said deal was ‘mostly dead’ in January
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Walgreens Boots Alliance Inc. shares soared after CNBC said that a take-private deal with private equity firm Sycamore Partners is still possible.
The deal for the drugstore chain appeared “mostly dead a couple of weeks ago,” CNBC’s David Faber said Tuesday. He said he was now upgrading the deal to “alive.”