Aug. 29 at 4:49 PM
🚨🚨
$WBA Walgreens has stopped trading as of Wednesday closing bell, going private, company was acquired by Sycamore Partners, also a private equity firm.
❓️❓️❓️ What does this mean for shareholders or employees holding shares?
✅️ Shareholders received
$11.45 per share in cash up front, and each shareholder also got a special “Divested Asset Proceeds (DAP) Right."
✅️ The DAP righ is not tradable like a stock
✅️ It could pay up to
$3.00 per share later if Sycamore is able to sell certain Walgreens assets for a good price
✅️ Example: If Sycamore sells one of Walgreens’ divisions for more than expected, part of that extra money is paid out to former WBA shareholders through the DAP rights.
🚨🚨 Bottom line: Shareholders got
$11.45 cash upfront, plus the chance to receive up to
$3 more per share in the future through the DAP rights.
