<ul><li>Walgreens Boots Alliance has agreed to be acquired by Sycamore Partners, a private equity firm, in a $10 billion deal.</li><li>Walgreens has been facing declining prescription reimbursements and falling sales, amid competition from retail giants like Amazon and Walmart.</li><li>The buyout follows a 50% drop in Walgreens' share price, and Sycamore will pay $11.45 per share for the acquisition.</li><li>Walgreens has been closing stores and reported a net loss of $8.6 billion in the previous fiscal year.</li></ul>

Walgreens to Be Acquired by Sycamore Partners in $10 Billion Deal

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