Projected buyout level is $70 Billion according to some services, which equates with between $78 and $79 per share. Also, as noted by many commentators, KKR cannot bite this off alone, and will need help and other funders. There is only one entity which could acquire WBA outright if they wanted to, and we know who that is. It would certainly qualify for the "Elephant Gun" but at what value and price?
Most analysts are modeling a LBO of WBA in the $75 - $80 range and correctly pointing out that it would have to be at least in that range to gain shareholder approval. Some really interesting analysis out of Barrons, as detailed be Dow Jones News Wire a couple of days ago: