Walgreens Boots Alliance exploring a deal to go private: Report
Walgreens teams up with Alphabet subsidiary Wing to test a drone delivery service in a Virginia suburb. FOX Business’ Kristina Partsinevelos with more.
Walgreens Boots Alliance has been exploring a deal to go private, according to Reuters. If a deal were to come together, it would be the biggest leveraged buyout of all time.
The company has hired Evercore Partners to explore a go-private attempt, Reuters says. Walgreens Boots Alliance did immediately respond to FOX Business' request for comment. Evercore declined to comment.
Shares spiked to a record high after briefly being halted.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WBA | WALGREENS BOOTS ALLIANCE INC. | 8.81 | -0.22 | -2.44% |
Walgreens Boots Alliance has a market capitalization of $56.66 billion. U.S.-based Walgreens merged with Alliance Boots in December 2014, in a deal that combined the nation's largest drug store chain with Europe’s largest pharmaceutical wholesaler.
FILE - This June 4, 2014, file photo, shows a Walgreens retail store in Boston. Walgreens and Rite Aid will sell 865 stores to rival retailer Fred's for $950 million, possibly removing the final roadblock preventing the tie up between the nation's la …
Shares have fallen 12 percent this year.