Walgreens Boots Alliance completed its merger with Sycamore Partners on 8/28/2025. The merged company is privately held and not publicly traded. Walgreens Boots Alliance shareholders received $11.45 cash plus one Divested Asset Proceeds (DAP) rights for each share of WBA in the merger

This is a taxable event for Walgreens Boots Alliance shareholders. It is treated as a sale of Walgreens Boots Alliance for the cash portion of the merger consideration. The DAP rights received are not transferable and will not trade on any exchange. The maximum value of the rights is $3.00 per right. The specific tax treatment of additional cash for the rights in the future is uncertain. A common treatment is as additional proceeds from the sale and would be treated as a capital gain distribution. Unless additional information specifies a different treatment, any proceeds from the DAP rights will be treated as a capital gain distribution.

The Sale Entry

Go to Accounting > Securities > Sell in myICLUB.

Here is the information needed for Walgreens Boots Alliance shareholders to complete the sale portion of the merger.

• Date: 8/28/2025
• Select Security: Walgreens Boots Alliance (WBA)
• Shares Sold :  Use the Sell All button or link to include all WBA shares owned.
• Sale Total :  11.45 x (# of Walgreens Boots Alliance shares owned)
  • For example, if you owned 100 WBA shares, you enter 11.45 x 100 = 1145.00

Save the transaction and the sale portion of the merger is completed.

Accounting for redemption of the DAP rights

*If* additional cash is received in the future upon the redemption of the DAP rights, treat the cash received as a capital gain distribution.

The Distribution Entry

Go to Accounting > Securities > Cash Distribution in myICLUB. (This is the same entry screen as a cash dividend.)

Here is the information needed for Walgreens Boots Alliance shareholders to complete the entry for cash received for the DAP rights.

• Symbol: WBA (Walgreens Boots Alliance)
  • Scroll down the drop down menu to inactive symbols to find WBA*. The * is added for inactive stocks.
• Payout Date: Date the cash is credited to account
• Ex-Div Date : Date the cash is credited to account
• Type: Long term capital gain (or Short term capital gain, depending on time WBA held)
• Amount: Cash received from statement

There is no guarantee in the merger agreement that WBA shareholders will receive any cash for their DAP rights.