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The Latest Breaking News from Sycamore Partners

Walgreens ends holiday pay for hourly employees

The move will affect Christmas, Thanksgiving, and four other major holidays, costing full-time workers hundreds of dollars per year

The Independent UK

Elizabeth Warren Warns About The Walgreens Takeover, Saying 'Private Equity Has A Record Of Running Companies Into The Ground'

Sen. Elizabeth Warren (D-MA) is sounding the alarm over Walgreens Boots Alliance $10 billion sale to private-equity firm Sycamore Partners. The company has already been struggling, and Warren says the buyout could make things much worse for workers and customers alike.

Benzinga

Boots splits off from Walgreens after private equity takeover

US firm Sycamore Partners completed its 10 billion dollar (£7.4 billion) deal to buy Walgreens Boots Alliance on Thursday.

Evening Standard

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Public health and private equity: What the Walgreens buyout could mean for the future of pharmacy care

Pharmacies are more than just stores – they’re vital links between people and their health care.

The Conversation

Walgreens Boots Alliance: Don’t Write Off This Asset Champ Yet

Walgreens Boots Alliance agreed to an $11.45 per share buyout by Sycamore Partners, but shareholders can reject the deal and holdout for a better offer.

MarketBeat

Walgreens Is Going Private. Is It Too Late to Buy WBA Stock?

Walgreens stock opened about 8% up on Friday following news it has agreed to go private in a $23.7 billion deal with Sycamore Partners.

Barchart

US owner of UK pharmacy chain Boots to be taken private in $10bn deal

Sale of Walgreens Boots Alliance to Sycamore Partners will mean further uncertainty for staff of pharmacy chain

The Guardian - UK

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Walgreens agrees to be acquired by private equity firm for almost $10 billion

Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money

The Independent UK

Analysts Are Pounding the Table: Sell This High-Yield Dividend Stock Now

Walgreens Boots Alliance, once a reliable dividend stock, is now under scrutiny as it suspends dividend payments, faces declining retail performance, and navigates potential takeover talks.

Barchart

Boots owner Walgreens in talks over sale to private equity, casting doubt over chemist’s future

Sycamore Partners, a US firm which owns the stationary brand Staples, said to be potential buyer

The Independent UK

Walgreens Shares Struggle After Report It Is Looking To Sell

Walgreens Boots Alliance is in talks to sell itself to Sycamore Partners, a private-equity firm, in a strategic move of going private after years of declining stock performance.

International Business Times

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Benzinga

What's Going On With Kohl's Shares Today

Kohl's Corp (NYSE:KSS) shareholders have voted to re-elect all thirteen of the company's director nominees at the 2022 Annual Meeting of Shareholders. "We would like to thank our shareholders for their support throughout this proxy contest," said Peter Boneparth, Chairman of the Board. The preliminary result means that shareholders have voted down Macellum Advisors' director…

Benzinga

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news in one place.

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Benzinga

Kohl's Receives $9B Buyout Offer From Franchise Group: Reuters

Kohl’s Corp (NYSE:KSS) has received a $9 billion buyout offer from Franchise Group Inc (NASDAQ:FRG), Reuters reported. The report specified that the franchise Group plans to pay $69 per share of Kohl’s. Kohl’s, under pressure from activist hedge funds regarding a sale, will now have more options with Franchise’s entry. The report also noted Hudson's Bay…

Birmingham Post

Ted Baker share price surges as US private equity firm Sycamore Partners mulls takeover

The New York investor has previously owned brands including Kurt Geiger and Nine West

Asharq Al-Awsat

British Fashion Chain Ted Baker Draws US Takeover Interest

Sycamore Partners is in the early stage of making a possible cash offer for fashion retailer Ted Baker (TED.L), the private equity firm said on Friday, in the latest sign of strong US interest in taking over British entities. New York-based Sycamore, which specializes in deals in the struggling retail…

The Independent UK

US firm Sycamore Partners mulls takeover deal for Ted Baker

Ted Baker, which has seen its shares slide by almost 95 per cent over the past four years, saw its stock leap higher on Friday morning

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