As Walgreens Looks to Save Cash, Suitor Sycamore Seeks Funding
Walgreens Boots Alliance Inc.’s chairman and biggest shareholder, Stefano Pessina, has dealmaking in his DNA. Yet finding a deal to rescue the drugstore empire he built is proving difficult.Most Read
Walgreens suspends dividend, breaking 90-plus year streak of shareholder payouts
Shares of Walgreens dove early Friday, a day after the drugstore chain said it was suspending its dividend, breaking a streak of quarterly shareholder payouts that stretches back more than 90 years. The drugstore chain said Thursday after markets closed that it made the move to strengthen its balance sheet and improve free cash flow as company
Walgreens Suspends Dividend to Drive Turnaround Strategy
U.S.-based pharmacy chain Walgreens Boots Alliance (WBA) suspended its long-standing dividend to preserve cash and prioritize its turnaround
Walgreens Tumbles After Suspending Steady Dividend to Save Cash
Walgreens Boots Alliance Inc. tumbled Friday after suspending the quarterly dividend it’s paid for the past 92 years in a bid to conserve cash and revive the business.Most Read from BloombergHow the 2
Walgreens suspends quarterly dividend amid turnaround efforts
Walgreens Boots Alliance has suspended its quarterly cash dividend amid restructuring efforts, the U.S. pharmacy chain operator said on Thursday, sending its shares down nearly 8% in extended trading.
Walgreens to Suspend Dividend in Cash-Saving Push
Cash needs for the next several years, “including with respect to litigation and debt refinancing,” were important considerations, the company said.
For first time in 92 years, Walgreens suspends quarterly dividend amid financial struggles
Walgreens Boots Alliance announced Thursday that it is suspending its practice of paying cash dividends to stockholders — the first time it won’t pay a quarterly dividend in 92 years. The change comes amid struggles for the Deerfield-based retail pharmacy giant.
Walgreens partly paring decline on report of Sycamore deal talks
Walgreens Boots (NASDAQ:WBA) pared a bit of its decline amid a report that private equity firm Sycamore Partners is talking ...
Walgreens Stock Slides on Dividend Suspension
Shares of Walgreens Boots Alliance dropped 10% Friday, after the pharmacy chain suspended quarterly dividends, citing the need for cash amid litigation and turnaround efforts. The Justice Department t ...
Crain's Chicago Business4d
Walgreens stock tumbles on report that private equity deal is unlikely
Shares of Walgreens Boots Alliance tumbled today following a CNBC report that the Deerfield-based pharmacy chain was unlikely ...
Walgreens Boots falls after quarterly dividend suspension
Walgreens Boots Alliance (NASDAQ:WBA) fell over 7% in extended trading on Thursday after the drugstore chain said it is ...
Becker's Hospital Review23h
Walgreens halts quarterly dividend for 1st time since 1932: 8 notes
Walgreens suspends its quarterly dividend for the first time in 92 years as it faces challenges in its financial turnaround effort.
kffhealthnews4d
Walgreens Unlikely To Sell To Private Equity Firm Sycamore Partners
Pharmacy chain Walgreens has been struggling for over a year and has been in talks to sell to Sycamore Partners, a deal that is now "mostly dead." Meanwhile, some independent pharmacies are opting to ...
Drug Store News4d
Walgreens buyout talks reportedly unlikely to culminate in a deal
A Wall Street Journal report noted that according to CNBC's David Faber, a prospective deal between Walgreens and New York ...
Becker's Hospital Review4d
Walgreens private equity sale 'mostly dead': Report
Sources told CNBC's David Faber that a private equity firm's prospective deal to acquire Walgreens Boots Alliance is ...
Modern Healthcare2d
Advocate Health closing Walgreens clinics in two states
Advocate Health is shuttering 55 clinics inside Walgreens stores in Illinois and Wisconsin, effective Feb. 6.
Walgreens Stock Falls on Concerns Potential Buyout Deal is ‘Dead’
Shares of Walgreens Boots Alliance tumbled after a report that the pharmacy chain’s talks to sell itself to a private-equity firm are unlikely to result in a deal. CNBC’s David Faber said on air his s ...