Sycamore announces Walgreens Boots Alliance acquisition with Wells Fargo as adviser

Walgreens Boots Alliance announced an agreement to be acquired by Sycamore Partners at an announced maximum transaction value of USD 23.7 billion. Shareholders would receive USD 11.45 cash per share and a contingent right to up to USD 3.00 per share from VillageMD monetization. Wells Fargo was a financial adviser to Sycamore. The maximum includes contingent consideration and is not a fixed cash purchase price.