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What a Potentially Private Walgreens Would Mean for Markets

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Walgreens Boots Alliance (WBA) , 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.

Both reports didn't identify the private-equity firms involved. And both news services' sources said that some firms are hesitating to join the deal and that the company might decide not to go private.

TheStreet's Martin Baccardax and PNC's chief investment strategist Amanda Agati joined TheStreet to break down what the reports of a potentially private Walgreens means for the markets.

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