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CONSUMER STAPLES: Walgreen Boots; Sycamore may close as soon as Thursday

CONSUMER STAPLES

(WBA: B1 Neg/BB- Stable) 

Wall Street Journal is running leaksthat Sycamore (PE) will come in at $11.30-$11.40/share in cash (eqv. ~$9.8b equity value, 11% premium to last close) and is looking to close as soon as Thursday. It says Sycamore will initially take the co private before attempting to sell off or take public segments outside the core US retail (non-core include UK Boots chain and US VillageMD clinics).

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(WBA: B1 Neg/BB- Stable) 

Wall Street Journal is running leaksthat Sycamore (PE) will come in at $11.30-$11.40/share in cash (eqv. ~$9.8b equity value, 11% premium to last close) and is looking to close as soon as Thursday. It says Sycamore will initially take the co private before attempting to sell off or take public segments outside the core US retail (non-core include UK Boots chain and US VillageMD clinics).

Keep reading...Show less