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November 14, 2019

Walgreens Receives Buyout Proposal From Private Equity Firm

Walgreens received a buyout proposal from KKR, one of the world’s largest private equity firms. The buyout would take Walgreens private and be the largest leveraged buyout in history. Walgreens has a market cap of approximately $56 billion, but its earnings have declined in recent years. Based on immediate reactions from financial commentators, KKR’s strategy to right the ship is not clear, and to some, a KKR buyout does not make sense