Walgreens to be taken private by Sycamore Partners in $10 billion deal, WSJ reports

(Reuters) – Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the Wall Street Journal reported on Thursday.

Sycamore has agreed to pay $11.45 per share in cash, the report said. Walgreens shares rose about 5% in extended trading.

Walgreens and Sycamore did not immediately respond to Reuters requests for a comment.

(Reporting by Bhanvi Satija and Puyaan Singh in Bengaluru; Editing by Mohammed Safi Shamsi and Arun Koyyur)