Walgreens’ breakup looms as $10 billion sale to go private is reportedly in the works

Drugstore chain Walgreens Boots Alliance Inc. is closing in on a roughly $10 billion deal to sell itself to Sycamore Partners, a private-equity firm, which would then take Walgreens private and likely break it up, according to reports late Monday.

The Wall Street Journal first reported the potential deal, which it said could be announced as soon as Thursday. Bloomberg News later matched that report.