Observer Lite: 3/16/2025

Author

Sean Hostert
March 16, 2025

Deal dynamics
Walgreens Boots Alliance (NASDAQ: WBA) disclosed the merger agreement and additional details for its proposed take-private with affiliates of private equity sponsor Sycamore Partners.

Funding for the $22.5 billion buy-out will include $2.5 billion in Sycamore equity (11%); $1.25 billion in preferred equity from GoldenTree Asset Management (6%), and nearly $19 billion in debt capital (83%).

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