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.