Walgreens Boots Alliance, Inc. ( WBA ) shares are trading higher on Tuesday following a report suggesting that the company is nearing a deal with private-equity firm Sycamore Partners.

What To Know: According to The Wall Street Journal, the companies are aiming to finalize the approximately $10 billion deal that would take Walgreens private by Thursday, assuming no unexpected obstacles.

Currently, discussions suggest that Sycamore may pay between $11.30 and $11.40 per share in cash. Additionally, the deal might include contingent value rights, which could enhance the overall value if specific milestones are met.

Sycamore is anticipated to hold on to the main U.S. business, whiling selling off or taking public other parts of the company.

Walgreens would not be Sycamore’s first time taking a large retail chain off the market. Previously, the private-equity firm purchased Staples in a $6.9 billion deal before splitting the office supply company into separate parts.

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WBA Price Action: At the time of publication, Walgreens stock is trading 6.9% higher at $10.97, according to data from Benzinga Pro.

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