Walgreens Approached by KKR for Historic Buyout Deal: Report

Walgreens Approached by KKR for Historic Buyout Deal: Report
A Walgreens store in Riviera Beach, Fla., on Oct. 25, 2017. Joe Raedle/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:

Private equity firm KKR & Co. approached Walgreens about a deal to take the firm private in what could be the largest private takeover in history, according to a new report.

KKR, one of the world’s largest private equity firms, is preparing a proposal to buy shareholders of Walgreens Boots Alliance, sources told Bloomberg News on Monday. The report cautioned that Walgreens could opt against pursuing a deal with the company, but it noted that KKR “formally approached” Walgreens.
Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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