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Details of the potential deal are still being ironed out. Since Sycamore focuses on smaller deals it “would likely sell off pieces” of Walgreens to make the acquisition more financially manageable, the Journal said.

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In October, Walgreens announced wasclosing approximately 1,200 locations. About one in seven Walgreens currently open will close its doors by 2027. It currently has nearly 9,000 locations across the US.

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“Walgreens is a big company with big problems, and this would be a longer-term investment rather than a way to make a quick buck,” Saunders wrote in a note Tuesday. “Cuts would most certainly be on the agenda, but the pathway to grow would be more challenging as the healthcare, pharmacy and retail sides of the business all have inherent problems that are not easily soluble.”

why is pnc infratech limited (pncinfra) falling ✌️【Freelance】✌️ Free real-time stock market data, professional analysis, and expert insights to help you plan the best investment strategy. Get ahead of the competition with expert predictions on market trends. Walgreens’ closures come amid a difficult time for drugstore chains, which are being hammered on a few fronts. The chains have struggled in recent years because of lower reimbursement rates forprescription drugsand new competition from Amazon, causing their profits to decline.

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