Mizuho believes Walgreens Boots Alliance’s (WBA) dividend suspension is a good strategic move by the company to help meet its near-term financing needs, with reducing debt and improving free cash flow a key aspect of its turnaround efforts. However, the suspension of the dividend “significantly: reduces the likelihood of a potential private equity buyout of Walgreens, as it signals a shift towards self-restructuring rather than external buyout solutions, the analyst tells investors in a research note.
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