Walgreens Boots Alliance (HQ) is reportedly exploring the possibility of taking the company private, according to an exclusive report from Reuters. The chain has a current market value of $55 billion.
The retailer has hired investment bank Evercore Partners to determine whether a deal can be put together. A leveraged buyout of Walgreens would require the participation of several private equity firms, according to the report. Walgreens CEO Stefano Pessimo is the company’s largest shareholder with 16 percent equity.