(NASDAQ:WBA),
SAN DIEGO, March 07, 2025 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Walgreens Boots Alliance, Inc. (NASDAQ: WBA) breached their fiduciary duties in connection with the proposed sale of the Company to private equity firm Sycamore Partners.
On March 6, 2025, Walgreens announced that it had signed a definitive merger agreement with Sycamore. Under the terms of the agreement, Sycamore will acquire all of the outstanding shares of Walgreens's common stock for $11.45 per share in cash.
The investigation concerns whether the Walgreens board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Walgreens shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration, especially given one Wall Street analyst has a $19.21 price target on the stock. The 52-week high for Walgreens was $22.05.
You can click or copy and paste the following link to join this investigation: https://www.cognitoforms.com/JohnsonFistel/WalgreensBootsAllianceInc2
If you are a shareholder of Walgreens and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com.
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Contact:
Johnson Fistel, LLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
jimb@johnsonfistel.com or fjohnson@johnsonfistel.com
