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...


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