Walgreens Boots Alliance (WBA +3.9%) has been in talks with large private equity firms about the potential of stitching together a huge leveraged buyout of the retail chain, sources tell Reuters.
Evercore Partners is working with Walgreens on the exploratory process. If a deal was struck, it would likely be one of the largest leveraged buyouts in history based off Walgreens +$50B market cap.
Walgreens hasn’t issued a comment on the report.
Volume on Walgreens is over 4X normal activity with two hours of trading to go.
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