10 Firms Kick Off Shortened Trading Week With Impressive Gains

6. Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) grew its share prices by 14.02 percent on Tuesday to end at $11.06 apiece as investor sentiment was boosted by reports that its potential acquisition by private equity firm Sycamore Partners is making progress.

According to a report by CNBC, negotiations between Sycamore and WBA remain alive after being considered mostly dead a few weeks ago.

Reports about the potential acquisition broke out in December last year, with the deal expected to be successfully closed this year, assuming talks don’t falter.

According to the report, Sycamore “would likely sell off pieces of the business or work with partners.”

In October last year, WBA announced that it was closing around 1,200 stores over the next three years, including 500 for this year alone, as it scrambles to turn around its ailing business.