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

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.

Walgreens is one of the most well-known drugstore chains in the U.S., having become American families' go-to place to obtain prescription and non-prescription medication since 1901. From opening the first Walgreens location nearly 124 years ago to inventing the first malted milkshake in 1922 and going public in 1927,