Walgreens Boots Alliance is the newest addition to the Dow Jones Industrial Average in June 2018, when it replaced struggling conglomerate General Electric (GE) in America's most famous stock market indicator. Its Dow tenure may be among the shortest.
According to Bloomberg, KKR has approached Walgreens about taking it over.. If Walgreens (WBA) winds up getting bought out, the deal could be the biggest leveraged buyout ever. That news follows a Reuters report last week that said Walgreens was talking to private equity firms about a sale. If such a deal happens, that would mean Walgreens would no longer be publicly traded.
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