Walgreens Boots Alliance (WBA) shares are leaping round 5% in premarket buying and selling Tuesday after a report indicated the troubled drugstore chain is nearing a cope with Sycamore Companions to be taken private for round $10 billion.

Based on The Wall Road Journal, citing folks accustomed to the matter, the pharmacy firm and the personal fairness agency are concentrating on a completion of the transaction as quickly as Thursday barring a “last-minute snag” that derails the deal. The Journal reported that Sycamore would pay between $11.30 a share and $11.40 a share in money for Walgreens and the deal would come with “contingent worth rights that might enhance the worth if sure targets are later reached.”

The Journal additionally reported that if the deal passes, Sycamore would hold the core U.S. retail enterprise and dump or take public the opposite elements of the corporate.

Walgreens and Sycamore Companions didn’t instantly reply to requests for remark.

Walgreens shares had been rising this 12 months on previous reports that the private-equity agency was in talks to take the pharmacy chain personal. The corporate has been struggling, asserting in October a plan to shutter some 1,200 «underperforming» shops over the subsequent three years and briefly suspending its quarterly dividend to preserve money earlier this 12 months.

Walgreens shares have gained 10% this 12 months however have misplaced half their worth within the 12 months by means of Monday.