A bad Rx for what ails Walgreens


A bad Rx for what ails Walgreens


Here`s hoping the private-equity folks Stefano Pessina consulted about a going-private deal talked some sense into him, because the last thing Walgreens needs is tens of billions in buyout debt.

$55 billion in unproductive debt won`t solve Walgreens` business problems.

But that`s how much the Deerfield-based drugstore chain likely would borrow to fund a leveraged buyout CEO Stefano Pessina reportedly has tried to engineer. The current status of his efforts is unclear, but several media outlets report that he made the rounds of private-equity firms in recent months to gauge their interest in backing what would be the biggest such deal in corporate history...

   ...more

Share this article on you social outlets



Our Sponsors
- - Volume: 7 - WEEK: 46 Date: 11/12/2019 9:28:05 AM -