Winning Brands Corporation (WNBD)

[lbdave]

Yep, for goodness sakes, why would anyone think that a company that has debt can't be bought out, or the debt makes it a bad aquisition lol.

“Duane Reade is a compelling strategic acquisition that will immediately provide Walgreens with a leading position in the largest drugstore market in the U.S.,” Gregory D. Wasson, Walgreen’s chief executive, said in a statement.

Walgreen is buying the 257-store chain, which is burdened by a big debt load, from the private equity firm Oak Hill Capital Partners. The deal — in which Walgreen will pay $618 million in cash and assume $457 million in Duane Reade debt — will be financed by Walgreen’s cash on hand.