Sycamore completes Walgreens Boots Alliance acquisition

Sycamore Partners announced completion of its acquisition of Walgreens Boots Alliance in partnership with the Pessina family. WBA shares ceased trading on Nasdaq. Shareholders received USD 11.45 cash per share plus a contingent right to additional cash from future VillageMD monetization. Wells Fargo was a financial adviser to Sycamore. The portfolio businesses were to operate as separate companies under private ownership.