Walgreens Boots Alliance (NASDAQ: WBA) has been a difficult stock to love for a few years, thanks to multiple corporate missteps. It got so bad that the board decided the best course of action was to effect a turnaround under private hands. That deal means that Walgreens won’t be a publicly traded company a year from now. But that isn’t the whole story, and more aggressive investors might still be interested in the stock because of a unique nuance of the take-private transaction. Here’s what you need to know.
There are only a handful of large pharmacy retailers, and Walgreens is one of them. For many years it was a growth business, but eventually the market became saturated. Often there was a Walgreens on one corner and one of its competitors just across the street. It’s not shocking that growth stalled out throughout the sector.
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