12:27 PM EST, 12/13/2024 (MT Newswires) -- Walgreens Boots Alliance's ( WBA ) potential buyer, Sycamore Partners, contacted banks including Bank of America ( BAC ) , JP Morgan (JPM) and Wells Fargo ( WFC ) to finance a deal over $10 billion, Sky News reported Friday.

The transaction probably would pave the way for an onward sale of Boots, the report said.

Sycamore declined to comment, and Walgreens, Bank of America ( BAC ), JP Morgan and Wells Fargo ( WFC ) didn't immediately respond to requests for comment from MT Newswires.

Shares of Walgreens rose 5% in recent Friday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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