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Report: Walgreens in talks to be acquired

Illustration: Lazaro Gamio/Axios

Walgreens Boots shares were briefly halted on Tuesday afternoon, following a Reuters tweet suggesting the pharmacy giant is in talks to be acquired by private equity firms.

Background: The company is no stranger to private equity. KKR bought Alliance Boots in 2007 in what was, at the time, the largest-ever European buyout, and years later it sold it to Walgreens.