Walgreens Boots Alliance, which has seen its share price slide as it cuts costs and remixes its offerings, is considering going private among private equity investors' interests, according to Reuters.
The pharmacy chain talked to some private equity companies and received guidance from Evercore Partners, an investment bank, Reuters reported, citing sources that did not want to be named because the preliminary talks are confidential.
Walgreens declined to comment.
The dealer's shares rose 2.7% to $ 61[ads1].30 in today's trading on Tuesday – a marked difference from the longer trend line this year, with the Walgreens stock falling 19% at the end of October. The flagging stock price may have aroused the interests of private limited companies.
In the midst of narrow profits from pharmaceutical sales and increasing competition from other sellers, Walgreens said last month that it would hide 150 of the clinics it operates by the end of this year. Earlier, the retailer said it would close 200 stores.
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The company, the nation's largest pharmacy chain by total locations, will still have nearly 9,400 locations in the United States, and it has taken steps to Innovate your business.
It offers more comprehensive care in some of its clinics, will partner with weight loss company Jenny Craig to open 100 locations in Walgreens stores, and last month debuted the on-demand delivery of the drone in Christiansburg, Virginia.
Contributor: The Associated Press
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