The Financial Times is reporting that Walgreens Boots Alliance would be split three ways if Sycamore Partners buys out the pharmacy chain.

The US pharmacy chain is allegedly finally closing in on a deal with American private equity firm Sycamore Partners, after talks originally began last year

Sycamore Partners is nearing an acquisition of Walgreens Boots Alliance Inc., people with knowledge of the matter said, in a deal that could end the drugstore operator’s tumultuous run as a public company.

Walgreens Boots Alliance Inc. is reportedly close to selling itself to a private equity firm in a $10 billion deal that would take the company private. The Wall Street Journal reported that Sycamore Partners would take Walgreens (Nasdaq: WBA) off the market in a deal that could be completed as early as Thursday if no major problems arise.

Walgreens Boots Alliance shares are jumping in premarket trading Tuesday, on a report that the troubled drugstore chain is nearing a deal with Sycamore Partners to be taken private for around $10 billion.

Shares of Walgreens Boots Alliance (NASDAQ: WBA) rallied 7.6% on Tuesday, as of 2 p.m. ET. It appears that a take-private deal with private equity firm Sycamore Partners is getting closer to fruition,

Walgreens Boots Alliance is nearing a deal to sell itself to private equity firm Sycamore Partners for around $10 billion. The transaction could be announced as soon as Thursday, according to people familiar with the matter.