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Walgreens Boots Is Exploring a Potential Take-Private Deal

  • Drugstore chain recently held talks with firms including KKR
  • CEO Pessina is Walgreens Boots’s single biggest shareholder
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Walgreens Boots Said to Explore Potential Take-Private Deal
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Walgreens Boots Alliance Inc., led by Chief Executive Officer Stefano Pessina, has been reviewing a potential deal to take the company private in what could become the largest leveraged buyout in history, people familiar with the matter said.

The company has recently held informal talks with private equity firms including KKR & Co., the people said, asking not to be identified because the information is private. Pessina is the largest shareholder in Walgreens Boots, whose businesses range from established retail chains in the U.S. and Europe to the lesser-known pharmacy supplier Alliance.