Why Walgreens Boots Alliance Soared Today

Shares of Walgreens Boots Alliance (NASDAQ: WBA) soared 20% on Tuesday, as of 2:35 p.m. ET.The beaten-down retail pharmacy rallied on rumors it might get bought out by a private equity firm. Usually, buyouts happen at a premium to the market stock price, and with shares down 63% on the year and 90% from their highs, there was ample room for a premium over yesterday's closing stock price. Today, The Wall Street Journal reported that private equity firm Sycamore Partners has been in talks with Walgreens regarding a potential buyout. The WSJ reported that according to "people familiar with the matter," talks could be consummated by the early part of next year. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool