Private equity firm Sycamore Partners completes acquisition of Walgreens, making it a privately held company. Former Staples leader Mike Motz to take over as CEO. Deal valued at $10 billion approved by shareholders. Walgreens faces challenges like thin prescription reimbursement, theft, and rising costs, leading to plans to close 1,200 stores and suspend dividend. Stock price has dropped significantly over the years.

Read more at Yahoo Finance: Sycamore Partners finishes deal to take drugstore chain Walgreens private