Walgreens Boots Alliance has been exploring a deal to go private, according to Reuters. If a deal were to come together, it would be the biggest leveraged buyout of all time.
The company has hired Evercore Partners to explore a go-private attempt, Reuters says. Walgreens Boots Alliance did immediately respond to FOX Business' request for comment. Evercore declined to comment.
Shares spiked to a record high after briefly being halted.
|WBA||WALGREENS BOOTS ALLIANCE, INC.||48.92||-1.85||-3.64%|
Walgreens Boots Alliance has a market capitalization of $56.66 billion. U.S.-based Walgreens merged with Alliance Boots in December 2014, in a deal that combined the nation's largest drug store chain with Europe’s largest pharmaceutical wholesaler.
Shares have fallen 12 percent this year.