Walgreen’s to go private in $24B deal

CHARLOTTE, NC — A well-known drugstore chain is going private in a potential billion dollar agreement.
‘Walgreens Boots Alliance’ closed a deal valued at nearly $24-billion.

Over the past five years Walgreens’ shares have lost nearly 80-percent of their value.
The company says a private equity firm has agreed to pay more than $11 a share in cash.
Walgreens first went public in 1927.
The deal brings an end to the chain’s nearly 100 years as a publicly-traded company.