Mizuho believes Walgreens Boots Alliance’s (WBA) dividend suspension is a good strategic move by the company to help meet its near-term financing needs, with reducing debt and improving free cash flow a key aspect of its turnaround efforts. However, the suspension of the dividend “significantly: reduces the likelihood of a potential private equity buyout of Walgreens, as it signals a shift towards self-restructuring rather than external buyout solutions, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBA:
- Lost Money on Walgreens Boots Alliance, Inc.(WBA)? Join Class Action Suit Seeking Recovery – Contact Levi & Korsinsky LLP
- Apple, Intel little changed near noon following earnings: Morning Buzz
- Walgreens Boots Alliance price target lowered to $12 from $13 at Truist
- Walgreens Suspends Dividend to Drive Turnaround Strategy
- Closing Bell Movers: Atlassian up 19%, Apple gains 3% after results