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Walgreens Examines Potential LBO

The retailer has hired an investment bank to explore possibilities
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4 years ago

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Walgreens Boots Alliance (HQ) is reportedly exploring the possibility of taking the company private, according to an exclusive report from Reuters. The chain has a current market value of $55 billion.

The retailer has hired investment bank Evercore Partners to determine whether a deal can be put together. A leveraged buyout of Walgreens would require the participation of several private equity firms, according to the report. Walgreens CEO Stefano Pessimo is the company’s largest shareholder with 16 percent equity.

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