Friday, November 8, 2019

A bad Rx for what ails Walgreens
$55 billion in unproductive debt won't solve Walgreens' business problems.

But that's how much the Deerfield-based drugstore chain likely would borrow to fund a leveraged buyout CEO Stefano Pessina reportedly has tried to engineer. The current status of his efforts is unclear, but several media outlets report that he made the rounds of private-equity firms in recent months to gauge their interest in backing what would be the biggest such deal in corporate history. . . . more