Walgreens Shares Rise on Reports of Potential Leveraged Buyout
November 05 2019 - 2:39PM
Dow Jones News
By Dave Sebastian
Shares of Walgreens Boots Alliance Inc. (WBA) rose 5.6% to
$62.99 Tuesday after reports emerged that the drug-store chain has
been exploring an option to go private.
The company in recent months has held preliminary discussions
with some of the world's largest private-equity firms, Reuters
reported, citing people familiar with the matter. If put together,
the deal would be the biggest-ever leveraged buyout, according to
the Reuters report.
Walgreens has asked Evercore Partners Inc. (EVR) to explore
whether a deal could be executed, according to the report.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
November 05, 2019 14:24 ET (19:24 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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