Walgreens Boots Alliance Jumps on KKR Buyout Offer By Investing.com

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Walgreens Boots Alliance Jumps on KKR Buyout Offer

Stock Markets Nov 11, 2019 11:30AM ET

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Walgreens Boots Alliance Jumps on KKR Buyout Offer

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Investing.com - Shares of Walgreens Boots Alliance (NASDAQ:WBA) surged in midday trade on Monday after confirmation that KKR has approached the company about a potential takeover bid.

Private equity firm KKR made a formal offer to take the company private in a deal that could be worth up to $70 billion, Bloomberg reported.

Walgreens has been debating about going private in one of the biggest buyouts in history, according to various reports.

Shares of Walgreens jumped 6.4% on the news.

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