Reported 29 days ago
Walgreens Boots Alliance Inc. is enlisting advisers from Perella Weinberg Partners and AlixPartners as it faces mounting liabilities, including a lawsuit from the US Department of Justice over improper opioid prescriptions. The company is looking to conserve cash by selling non-core assets, including its stake in VillageMD, which it plans to divest following significant losses and defaults on debt. VillageMD is also exploring restructuring options with Evercore Inc. and Alvarez & Marsal Inc. as Walgreens grapples with financial pressures, including a recent arbitration ruling requiring a substantial payout.
Source: YAHOO