Walgreens Boots Alliance Inc (WBA)

[big-yank]

I stated that financing for the purchase of tranch #2 was already "in the bag" meaning commitments are fully arranged, already. I do not believe that was an objective of or even a topic at the London Conference. In fact, I believe financing for both the initial 45% and tranch #2 for the 55% balance were pretty much agreed to before the deal was ever announced.

What could be "in play" is a sounding out of re-strategizing the deal using more stock vs. debt since the S/P has markedly elevated since this deal was first announced. But I still really think there is something else afoot that prompted this conference.