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Walgreen Boots Alliance (WBA) surges on leveraged buy out deal

Today, Walgreen Boots Alliance (WBA) surged over 5.8% on Monday. This surge happened because of a recent Bloomberg report that private firm KKR made a formal offer to take the pharmacy giant private by leveraged buy out.

On an important note, the story about the recent report is based on unnamed sources who are said to be familiar with the closed door discussions and neither Walgreens nor KKR has publicly commented about this.

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