KKR makes formal approach for Walgreens Boots Alliance buyout

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Private equity firm KKR has reportedly made a formal approach to buy Boots’ parent company and take the business private in what could be the largest leveraged buyout on record.

KKR has reportedly been preparing a proposal to potentially buy out shareholders of Walgreens Boots Alliance, according to Bloomberg.

The approach comes after Walgreens Boots Alliance boss Stefano Pessina reportedly reviewed a potential buyout with a financial adviser after receiving interest from potential buyers. Walgreens Boots Alliance has a market cap of $55bn, and the scale of the potential deal is said to have put off some buyout firms.

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