Why Is Walgreens Boots Alliance Stock Trading Higher On Tuesday?

As per a media report in December, Walgreens Boots Alliance Inc WBA suggested the company is in talks to be acquired by Sycamore Partners.Walgreens's market value has shrunk from over $100 billion a decade ago to around$8.4 billion, as per data from Benzinga Pro.Earlier on Tuesday, citing CNBC, the Bloomberg report noted that the take-private deal with the private equity firm is still possible.Walgreens Boots Alliance' deal appeared "mostly dead a couple of weeks ago," CNBC's David Faber said Tuesday. He s ...