Private equity’s huge Walgreens bid is wild


Jumbo undertaking: A woman shops for items among empty shelves inside a Walgreens in San Francisco. The deal confirms just how much the financing markets have been re-energised by the private-credit industry. — AP

THE deal just announced for Walgreens Boots Alliance Inc is above all a massive transaction.

But its size relative to the buyer – the low-profile private equity firm Sycamore Partners – is equally stunning.

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