Why Walgreens Boots Alliance Shares Are Jumping Today
Shares of Walgreens Boots Alliance (NASDAQ: WBA) were jumping 6.1% higher as of 11:00 a.m. EST on Monday. The nice gain came after Bloomberg reported that private equity firm KKR made a formal offer to take the pharmacy giant private through a leveraged buyout.
It's important to note that the story about the reported deal to take Walgreens private is based on unnamed sources who are said to be familiar with the closed-door discussions. At this point, neither Walgreens nor KKR has commented publicly on whether talks are underway.
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Source Fool.com