Walgreens and VillageMD Seek Advisers Amid Rising Liabilities

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

View details

You may also interested in these wikis

Back to all Wikis