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.