Walgreens Boots Alliance Inc (WBA)

[big-yank]

True, true EXCEPT... the last A/B deal was never submitted to a proxy vote, nor were two new Board members affirmed by existing shareholders... so why would the Deerefield steamroller quit steamrolling?

If Pessina/KKR attain 51% common share ownership, they can outvote all other shareholders, combined. If they take WAG private, they can then actually DO your points 1 through 3 and axe any suits that object or try and get in the way.

The metrics of such a deal done this way are not all that outlandish because Pessina/KKR is actually leveraging WAG's own money to buy a majority of WAG while unloading most or all of Alliance Boots debt. One huge winner. One huge loser. One surviving global organization with likely slimmed down investments in a narrower spectrum of wellness adventures.

GLTA,

Yank