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Walgreens Considers Going Private

Walgreens
Photo Credit: Mike Mozart via Flickr cc

Walgreens is reportedly exploring its options, recruiting investment bank Evercore Partners to find out whether a deal to take the chain private is possible. Walgreens has also been discussing the possibility with large private equity firms. The leveraged buyout, if it occurred, would be the biggest ever.

Many private equity firms have pushed back on the idea, concerned about Walgreens’ business prospects and the challenges of financing the deal, the sources added.

Read the full story at Reuters.