Walgreens Boots Alliance (WBA) shares jumped almost 7% before the bell on news the drugstore giant is preparing to exit the public markets.

The company has sealed its go-private deal with Sycamore, worth up to $23.7 billion, following months of negotiations with the PE firm.

Yahoo Finance’s Anjalee Khemlani reports:

Walgreens entered into a definitive agreement to be acquired by an entity affiliated with Sycamore, the company said in a statement late Thursday.

Shareholders will receive a total of $11.45 per share in cash, or $10 billion, at the closing of the Sycamore transaction. The additional value in the deal comes from an extra $3 in future monetization of the company’s debt and equity interest in VillageMD.

“Throughout our history, Walgreens Boots Alliance has played a critical role in the retail healthcare ecosystem,” CEO Tim Wentworth said in the statement. “We are focused on making healthcare delivery more effective, convenient and affordable as we navigate the challenges of a rapidly evolving pharmacy industry and an increasingly complex and competitive retail landscape.”

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