Merger Wednesday? Jim Cramer Talks Xerox's Reported HP Bid, Walgreens

Jim Cramer is breaking down CVS, Walgreens, Xerox and HP.

Author:
Katherine Ross
Publish date:
Nov 6, 2019 10:00 AM EST

TheStreet

Jim Cramer is breaking down CVS, Walgreens, Xerox and HP.

Happy hump day!

Jim Cramer's tackling CVS (CVS) - Get Free Report , the reports that Walgreens (WBA) - Get Free Report is considering going private, and his thoughts on reports that Xerox XRX has made an offer to buy HP (HPQ) - Get Free Report .

Walgreens Boots Alliance Is Reportedly Considering Going Private

Walgreens Boots Alliance (WBA) - Get Free Report , the giant drugstore and healthcare chain, is looking into the prospect of going private, a deal that would be the largest leveraged buyout in history, reports said Tuesday.

People familiar with the matter told Reuters and Bloomberg that the Deerfield, Ill., chain has held informal talks with private-equity firms, wrote TheStreet's Rob Daniel.

The company couldn't immediately be reached for comment by TheStreet. Chief Executive Stefano Pessina is Walgreens' largest holder with about 16%, the reports said.

The people who spoke with Reuters said the chain has retained the investment bank Evercore to explore whether a take-private is feasible.

What would this kind of move mean for Real Money Stock of the Day CVS?