Walgreens Boots Alliance announced on Thursday that it has agreed to a $10 billion deal to be acquired by private equity firm Sycamore Partners and go private. After years of falling sales and rising costs,

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.

Sycamore Partners, a private equity firm, will buy Walgreens Boots Alliance at $11.45 per share as Walgreens will go private for the first time in decades.