Shares of Walgreens Boots Alliance Inc. WBA, +2.62% shot up 3.1% in afternoon trading, after a Reuters report that the drugstore chain has been exploring a deal to go private. The rally, which comes on the heels of an 8.9% surge over the past two sessions, has lifted Walgreens's market capitalization to $54.8 billion. A 13D/A filing with the Securities and Exchange Commission on Tuesday showed that Luxembourg-based Alliance Sante Participations S.A. (ASP) controlled 144.8 million shares, or 16.2% of the shares outstanding. Walgreens Chief Executive Stefano Pessina is administrateur, or director, of ASP. Walgreens did not immediately respond to a request for information or comment. The stock has run up 19% over the past three months, while the Dow, of which Walgreens is a component, has gained 7.0%.
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November 06, 2019 at 03:22AM
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Walgreens shares surge again, after report company has explored a deal to go private - MarketWatch
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