Walgreens Boots Alliance (WBA) shares are higher after CNBC’s David Faber said on air earlier that a take-private deal with private equity firm Sycamore Partners is still possible. The deal for the drugstore chain appeared “mostly dead a couple of weeks ago,” according to Faber, who said he is now upgrading the deal to “alive” based on what he is hearing from his contacts. Shares of drugstore chain operator are up $1.15, or 12%, to $10.85 following the comments from the noted M&A-focused reporter.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBA:
- Walgreen Boots call volume above normal and directionally bullish
- Walgreen Boots trading resumes
- Early notable gainers among liquid option names on February 18th
- Walgreen Boots trading halted, volatility trading pause
- Walgreens Boots Alliance: Navigating Cash Flow Challenges Amidst Strategic Turnaround