Walgreens Boots Alliance (WBA) stock is trading higher on Friday following a report that private-equity firm Sycamore Partners has approached various lenders to fund a possible acquisition of the company.
If a deal goes through, Sycamore would acquire and take private Walgreens Boots Alliance, one of the largest providers of retail pharmacy services in the US and Britain. The private-equity firm is in talks with financial institutions like Bank of America, Wells Fargo, and JP Morgan to fund the deal valued at approximately $10 billion.
Walgreens Boots Alliance has previously rejected multiple acquisition bids, including one from Apollo Global Management. In 2019, the company received a takeover bid from KKR.
To buy Walgreens stock, investors typically use a brokerage account through platforms like [list possible trading platforms]. Fractional shares allow you to own portions of stock without buying an entire share. At $10.29 per share, $100 would buy you approximately 9.72 shares of WBA stock.
For those looking to bet against the company, investors need access to an options trading platform or a broker that allows ‘short selling’. The process involves lending shares to sell and profiting from the decline in share price.
Source: https://www.benzinga.com/trading-ideas/movers/24/12/42489438/whats-going-on-with-walgreens-shares-friday