Sycamore Partners is planning a three-way split of
Walgreens Boots Alliance (WBA) following a buyout, as per a report by Financial Times. Analysts consider Walgreens stock overvalued due to deal optimism and Deutsche Bank has downgraded WBA's stock following the breakup report. Shareholders have been reminded to contact
Bronstein, Gewirtz, and Grossman, LLC, while there are numerous alerts for investor action against WBA, and deadlines set for March 31, 2025. The firm has also resolved certain prepaid variable share forward transactions, netting around $300 million. Walgreens has suspended its quarterly dividend to streamline strategic priorities, which has caused stock price fluctuations. Despite this, rumors of a buyout have caused share prices to see occasional spikes. WBA has reported fiscal 2025 first quarter results, while it also settled Everly/PWN claims for $595M, causing a stock surge. The firm nevertheless has debt concerns, and has also joined in a potential securities fraud lawsuit. Lastly, it sold $314 million in Cencora stock.
Walgreens Boots Alliance WBA News Analytics from Thu, 27 Jun 2024 14:14:30 GMT to Sat, 01 Mar 2025 21:41:01 GMT -
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