All eyes are on Walgreens (WBA) this morning after the struggling chain of retail pharmacies agreed to go private in a $23.7 billion deal with Sycamore Partners. Its agreement with the private equity firm values its shares at $11.

Walgreens Boots Alliance (WBA) finalized a $10 billion deal, worth as much as $23.7 billion, with Sycamore Partners to go private after four months of negotiations, the companies announced Thursday. The drugstore giant's stock jumped over 7% in trading on Friday after the news that the company was preparing to exit the public markets.

Sycamore Partners to acquire Walgreens Boots Alliance, Inc. for $23.7B. WBA stock up 7.3%. Click for my review of the deal and strategy for WBA shareholders.

After nearly a century as a publicly traded company, drugstore chain Walgreens is going private as part of a roughly $10 billion buyout deal.

What Happened? Shares of pharmacy chain Walgreens Boots Alliance (NASDAQ:WBA) jumped 8.1% in the afternoon session after The Wall Street Journal reported the company was close to sealing a deal with private equity firm Sycamore Partners to go private.

Walgreens Boots Alliance is set to be acquired by buyout firm Sycamore Partners for $10 billion, going private. Here's what to know in Michigan.

US Bancorp DE reduced its position in shares of Walgreens Boots Alliance, Inc. (NASDAQ:WBA – Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC.

Walgreens Boots Alliance is being taken private in a deal valued up to $23.7 billion, following a largely disastrous run on the public markets where its market cap has lost billions and more than 10% of its locations have closed.