Troubled pharmacy chain Walgreens Boots Alliance Inc. (NASDAQ: WBA) has been a spectacular disappointment since completing its merging in 2014. Shares rose to a high of $97.14 following the union but had since fallen % to a low of $8.11 on November 21. 2024.
The retail/wholesale sector giant’s attempt to grow into an integrated healthcare provider as the world’s largest pharmacy chain in the medical sector fell short as it overleveraged itself with Rite Aid and VillageMD acquisitions. The company is still an asset giant, which may be worth more in parts than the whole. Despite the $11.45 per share announcement to be acquired by Sycamore Partners in a $23.7 billion deal, shareholders must still approve and can turn it down.
