Shares of Walgreens Boots Alliance have lost about half their value in the past year, as the chain has faced pressure in its retail and pharmacy businesses.

Walgreens Boots Alliance says it has agreed to be acquired by the private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money

Sycamore Partners is nearing an acquisition of Walgreens Boots Alliance in a deal that could end the Deerfield-based drugstore operator’s tumultuous run as a public company.

Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the buyout firm said on Thursday, closing out nearly a century of trading on public markets for the U.S. pharmacy giant.

After nearly a century as a publicly traded company, drugstore chain Walgreens is going private as part of a roughly $10 billion buyout deal.

Walgreens Boots Alliance has struck a $10bn deal with private equity group Sycamore Partners that will bring the struggling pharmacy chain’s century-long run as a public company to an end. Sycamore agreed to pay $11.