Tuesday, November 5, 2019

Walgreens Boots Alliance reportedly considers going private

Drug Store News
Walgreens Boots Alliance is looking into whether or not it should take the company private, according to a report from Reuters. The company, which has a roughly $55 billion market cap, has been in preliminary talks with large private equity firms, the report said, noting that it would constitute the biggest leveraged buyout ever.

Reuters cited anonymous sources who said the company has retained Evercore Partners to see whether a deal would be possible, and added that several firms have been reticent, citing concerns around funding the deal and the company’s future business prospects. . . . more