Walgreens to Be Acquired by Sycamore Partners for $10 Billion

The transaction is valued at up to $23.7 billion, including equity value, debt, and payouts, according to the companies.

A woman walks past a Walgreens at the corner of Sunset and Vine in the Hollywood neighborhood of Los Angeles on Jan. 15, 2013. Kevork Djansezian/Getty Images

Walgreens Boots Alliance announced on Thursday that it has agreed to be acquired by private equity firm Sycamore Partners for $10 billion.

The price is a fraction of the $100 billion the pharmacy chain was worth a decade ago.