In what would be the largest-ever private takeover, U.S. pharmacy giant Walgreens could be set to go private. Citing Bloomberg as a source for the report, CNN Business says U.S. global investment firm KKR could be the buyer.
KKR is perhaps best known for its leveraged buyout of RJR Nabisco in 1989. Walgreens is value at more than $55 billion, and any deal would probably be for more than that amount, and also include Walgreens’ $16.8 billion in debt.
Watch the CNN Business video report here.