As Tribune photo editor Marianne Mather looked through the Tribune’s photo archive she realized that much of the city’s history has been intertwined with the Walgreens chain.

The company will continue to operate under the name Walgreens and its headquarters will remain in the Chicago area.

News of Pessina’s larger stake comes after his personal net worth has taken hits amid Walgreens' decline in value.

Walgreens was scheduled in two years to celebrate its 100th year as a publicly traded company. Now the storied pharmacist and retailer won't honor that milestone, because it no longer will be publicly ...

All eyes are on Walgreens (WBA) this morning after the struggling chain of retail pharmacies agreed to go private in a $23.7 ...

Putting its many affairs in order will probably be easier as a private company, but there are still pitfalls — including a ...

Walgreens is betting on private equity to fix its financial woes. The international drugstore giant, headquartered in suburban Deerfield, announced a $10 billion deal on March 6 to sell the company to ...

Walgreens said Thursday that Sycamore Partners will pay $11.45 per share, giving the deal an equity value just under $10 billion.

In the deal announcement, Walgreens CEO Tim Wentworth said “value creation will take time, focus and change that is better managed as a private company.” Chicago’s business community is ...