Shares of Walgreens Boots Alliance (NASDAQ:WBA) were launched higher in Thursday’s premarket on reports that Sycamore Partners plans to break the company into three separate pieces after taking the entire company private.

A rumored private equity buyout of Walgreens could lead the company to be split up, according to media reports. | A rumored private equity buyout of Walgreens could lead the company to be split up, according to media reports.

Sycamore Partners is reportedly working with Morgan Stanley and UBS on a $10 billion financing package for a potential acquisition of Walgreens, per a MSN report that cited a posting on X from Octus, formerly known as Reorg.