Walgreens Boots Alliance

…Three of the stories we're following today, and I'll get to the jobs report too. Walgreens Boots Alliance, big, big story, going private and $10 billion deal with Sycamore Partners. The sort of a fascinating what was a retailing behemoth going private, the full value of the deal could be as much as $24 billion with additional earnouts as well as debt assump…

…tariffs. Walgreens Boots Alliance is up 5.8% in pre-market action after the Wall Street Journal reported that Sycamore Partners was closing in on a deal to acquire the U.S. pharmacy chain for about $10 billion. According to the report, the agreement could be completed as soon as Thursday, barring any last-minute complications.…

…Walgreens' market value peaked above $100 billion in 2015, but has since shrunk as it faces a margin squeeze on its core prescription business after it doubled down on retail pharmacy, while rival CVS Health diversified into insurance and pharmacy benefits. Walgreens' shares, which are currently trading just below $11, are rising off hours.…