Equities

Reuters reveals Walgreens has explored taking drug store chain private; market reacts

Reuters reveals Walgreens has explored taking drug store chain private; market reacts

Reuters exclusively reported that Walgreens Boots Alliance Inc has been exploring whether to go private following private equity interest in the U.S drug store chain. In recent months, Walgreens has held preliminary discussions with some of the world’s largest private equity firms about putting together what would be the biggest ever leveraged buyout. Walgreens has a market value of $55 billion, and its debt at the end of August totaled $17 billion. Walgreens shares rose 8% to $64.12 following the Reuters report.