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.

Walgreen Boots Alliance will become privately held in a $10 billion takeover by the investment firm Sycamore Partners.

Walgreens Boots Alliance Inc. agreed to be purchased by Sycamore Partners for $10 billion, the Wall Street Journal reported, turning one of the oldest, most recognizable US drugstore chains into a private company.