Walgreens is being pursued by investors with eyes toward the drug store chain possibly going private

Walgreens Boots Alliance Inc., which has seen its inventory value slip because it cuts prices and remixes its choices, is contemplating going non-public amid curiosity from non-public fairness buyers, in response to Reuters. 

The drug retailer chain has spoken with some non-public fairness corporations and is receiving steerage from Evercore Companions, an funding financial institution, Reuters reported, citing sources who didn’t wish to be named as a result of the preliminary talks are confidential.

Walgreens declined to remark.

The retailer’s shares inched up 2.7% to $61.30 in end-of-day buying and selling Tuesday – a marked distinction from its longer development line this yr, wherein Walgreens inventory had dropped 19% by the tip of October. The flagging inventory value is probably going what piqued the curiosity of personal fairness corporations. 

Within the midst of slim income from pharmaceutical gross sales and rising competitors from different sellers, Walgreens mentioned final month that it will shutter 150 of the clinics it runs by the tip of this yr. Beforehand, the retailer mentioned it will be shutting 200 shops.

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