Walgreens Boots Alliance Inc (WBA)

You think WAG officers screwed up? Look at the RADCQ for management that totally blew up the value!

I have not been in a Walgreens since either!

I live in Chicagoland (their HQ) and have noticed a considerable falloff in cars in their lots (both stores and offices).

I haven't seen anything out about layoffs, but I'm sure we will soon!

Have completed the full transition Stock_Barber. Picked up 5 prescriptions from Costco yesterday, along with some of its store brand ibuprofen, etc., all stuff we used to get at Walgreens and their "store" proprietary brand. And, we acquired a significant position in Costco (COST) after the recent significant pullback to a share price under $900, down from the 52-week high of $1,078, with the recommendation of our wealth advisors/managers that this is an attractive price for COST. Every time I am in Costco I have appropriate thoughts of how Stephano Pessina screwed all of the longtime WAG/WBA shareholders. We will never set foot in a Walgreens again.

Robbay: It took almost 12 years, and WBA shares did reach new highs post-merger, but in the end you were right. Stephano Pessina destroyed what was once one of America's greatest companies.

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I totally get the feeling. I would, but no one in my immediate family takes any prescriptions... knock on wood!

Haven't been in a WAG's since this crap went down though!

We are moving all of our prescriptions form Walgreens. We will not ever patronize Stephano Pessina again.

In looking at my first statement after WBA went private, interesting to note that the 1 DAP right for each share held for which cash was received when WBA was taken private is now listed in the acct. as "Walgreens Boots DAP Rights Contra" in the same number of shares.

DAP Rights

The DAP Rights are generally non-transferrable rights to be issued as a component of the Per Share Consideration. Each DAP Right gives the DAP Right Holder a contingent right to receive a pro rata portion of 70% of the net proceeds from any monetization of the Company’s equity or debt interests in the VPMC Group, up to $3.00 per DAP Right, as detailed in the DAP Rights Agreement. Although the Sale Committee formed pursuant to the DAP Rights Agreement to conduct the sale process of the VPMC Group will take into consideration the benefit of maximizing the value of the business of the VPMC Group and the amounts payable pursuant to the DAP Rights, there can be no assurance that any payment will be made under the DAP Rights, or 7 regarding the amount or timing of any such payment. The Sale Committee will generally act by majority vote and will be comprised of three individuals including a member appointed by the Shareholder Representative, a member appointed by the SP Investors and a member appointed by DAP Issuer. When entered into, the DAP Rights Agreement will control the terms pursuant to which payments will be made to DAP Right Holders. For a more detailed summary of the DAP Rights, see “The DAP Rights Agreement.”

I was a holder of WAG for several years, but sold when I saw the debt assumed during the Boots merger. I had sold covered calls until my shares got called.

After that, I still had an odd lot of 8 shares in WBA which I held onto for no good reason.

Logged on to Schwab this morning and it looks like those eight shares went for $11.45 each? That's a bit of a haircut?? I don't really care, I have no excuse for having kept those shares.

I still have a bunch too. I made quite a bit trading it over the years, but this last BS took much of that back.

But I held the shares right through to the end, as the DAP right will likely yield another $3 to anyone with shares held and sold to the new owners group this week.

Well said!

I have actually stopped shopping at Pessinagreens and encourage others to do the same...

Don't know. Perhaps the same thing that happens when a ticker goes BK and the shares are cancelled, in which event shorts are off the hook and do not owe anyone anything. But shares sold short had to be borrowed from someone, and there are likely issues there, with margin, etc. In the end Poster Robbay was right way back when his position was that the merger with Boots would ultimately be the end of Walgreens (WAG) as we knew it when it was one of America's greatest companies and stock tickers. Shame on Stephano Pessina.

Indeed! What happens to those that were short shares?

Crazy! This was a great company at one time

WBA RIP after today. WBA shares will be halted after the close of the AH session today, and will be suspended on Friday due to the fact that the deal for Sycamore Partners (led by that corrupt jerk Stephano Pessina) to take the company private is closing.

thanks

I was on the Walgreens side of that deal and was disappointed when the US government would not approve the acquisition. I received the Proxy materials and ballot electronically earlier this Summer and voted against the deal, as Pessina is literally stealing this company. The privatization of WBA is set to close either this quarter or in Q4. The reason WBA is trading above the agreed upon price to take it private at $11.45 is due to the residual DAP right which goes with each share, and that is why I recommend holding until your shares are taken out at $11.45:

Here is the explanation of the additional DAP right which will go to each current WBA holder after the merger and cancellation of common shares in exchange of the $11.45 in cash, from the Proxy statement:

DAP Rights

The DAP Rights are generally non-transferrable rights to be issued as a component of the Per Share Consideration. Each DAP Right gives the DAP Right Holder a contingent right to receive a pro rata portion of 70% of the net proceeds from any monetization of the Company’s equity or debt interests in the VPMC Group, up to $3.00 per DAP Right, as detailed in the DAP Rights Agreement. Although the Sale Committee formed pursuant to the DAP Rights Agreement to conduct the sale process of the VPMC Group will take into consideration the benefit of maximizing the value of the business of the VPMC Group and the amounts payable pursuant to the DAP Rights, there can be no assurance that any payment will be made under the DAP Rights, or 7 regarding the amount or timing of any such payment. The Sale Committee will generally act by majority vote and will be comprised of three individuals including a member appointed by the Shareholder Representative, a member appointed by the SP Investors and a member appointed by DAP Issuer. When entered into, the DAP Rights Agreement will control the terms pursuant to which payments will be made to DAP Right Holders. For a more detailed summary of the DAP Rights, see “The DAP Rights Agreement.”

Thank you and how I was reading it as well.
My concern is that my largest percentage loss ever in a stock included the deal where Walgreen's was set to buyout Rite Aid at a guaranteed $9. I loaded up and learned a valuable lesson, which should have included, don't trust pharma stocks!
When is this deal supposed to go down? Did I see it was already approved by shareholders? I didn't vote for anything.

I am really surprised that there haven't been lawsuits against Pessina for this smash and grab!

WBA is being taken private at a ridiculously low price by a group headed by Stephano Pessina, the despicable one who engineered the merger with Boots Alliance and destroyed the company. Stock is trading right around the deal price, but not wise to dump now, as there is an additional $3.00 per share earnout possible and likely for each share held at closing.

$WBA is hitting a resistance today. I'm seeing the long term debt is being acquired, but what about the stock?
Currently $11.89 and resistance at $11.96. Is this an obvious dump (for a loss) or is something happening with it I don't see?

Made $9k profit in 3 months.. 

I'll be one of the few to make something..

Some people should have listened to the great Love Pink...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147459559

Yep. Just a pathetic disgrace.
Bought for the same price it was basically trading in late 90's...

Bought for the same price it was basically trading in late 90's...

Done deal, looks like $11.45, then a possible $3 extra payment when the debt is monetized.

Robbay: you were against the merger with Boots back in late 2014 when Walgreens (WAG) was riding high, and in retrospect you were right, as Steffano Pessina took over and destroyed this once great American company. His deal to coordinate with Sycamore to take it private around $11.30 - $11.40 is a disgrace and a slap in the face to long time loyal shareholders.
Bye Walgreens:

The new message board is up... symbol WBA.

Yup! Going woke was SUCH a great idea! 🙄

But not a ton either

Yeah my parents had bought WAG back in those days. So they are worth 15% of what they were..

Good for you but a pathetic kick in the ass for anyone holding WBA/WAG for the long term. As one article out overnight noted, these shares traded at $100 a decade ago.

11.30-11.40 a share buyout.
I'll make 9k profit, 25% on my money. Not bad returns.

I'm sure I'll be out by then.

You can expect Steffano Pessina to try to steal it by helping to take it away from the shareholders and take it private for a very low price.

I'm up 25% in 2 months, that's the difference, ready to sell to move that into another place 

Not to mention that WBA's largest shareholder, Steffano Pessina, the jerk who orchestrated the merger of Walgreens and Boots and then took everything over and ran it into the ground, is part of the group taking it private and will retain a huge stake in the resulting private entity. Walgreens (WAG) at the time had been trading in the $70 - $90 range before becoming WBA and steadily dropping in share price down to where we are now. Even long time WAG and now WBA shareholders who have a cost basis below $30, and who did not sell their shares up in the $90's, etc. just may likely take a huge bath on this deal.

Not necessarily and not according to Duetsche Bank:
Walgreens Boots Alliance Stock Has 'Run Too Far' on Sycamore Deal Speculation, Deutsche Bank Says

11:05 AM EST, 02/28/2025 (MT Newswires) -- Walgreens Boots Alliance (WBA) shares "have run too far" on speculation surrounding a potential take-private deal with Sycamore Partners, Deutsche Bank said in a Thursday note, citing a Financial Times report.

Citing sources with knowledge of the details, the Financial Times reported Thursday that a buyout of Walgreens would set the stage for a three-way split of the company, with the funding for taking it private not expected to be difficult following weeks of talks with Sycamore.

"The article notes financing is in place (not a surprise to us), but the deal strikes us as incredibly complicated and unlikely to be consummated at a premium to the current share price," Deutsche Bank said.

The bank described the deal as "highly difficult," noting that Walgreens' core US business is "especially challenged."

Deutsche Bank downgraded the company to sell from hold and cut its price target to $9 from $11.

The shares of Walgreens Boots Alliance were down nearly 3% in recent trading.

Hopefully that means the buyout is near that

Morningstar reiterated $20 Fair Value and 4-Star rating for WBA this week (2/26/25)

I guess this is one way to counteract shrinkage

CHICAGO and DEERFIELD, Ill. , Feb. 20, 2025 /PRNewswire/ --  Grubhub announced today that it has teamed up with Walgreens to bring Walgreens and Duane Reade locations nationwide to its marketplace. Through this collaboration, customers have access to 15,000 items for on-demand delivery — including beauty, health and wellness, snacks, personal care, household items, toys, and more.

Grubhub is enhancing the customer experience by expanding its marketplace offerings to include Walgreens and Duane Reade , broadening access to everyday essentials. Grubhub's data shows that customers who shop from convenience merchants on Grubhub order nearly three times more per month than those who don't, making them valuable users of the Grubhub marketplace.

"We're excited to add Walgreens and Duane Reade to offer customers a robust selection of convenience retailers on Grubhub ," said Craig Whitmer , vice president of new verticals at Grubhub . "As a Chicago -based company, working with another hometown favorite is particularly special. The addition of these two brands helps us scale our convenience offerings across the country with a strong focus on key markets like Chicago and New York City , and we look forward to delivering even more value and convenience to our shared communities."

"Customers today expect to get what they want, when they want it, how they want it," said Sharmila Sudhakar , group vice president of digital commerce and omni experience at Walgreens . "The addition of Grubhub to Walgreens ' growing roster of delivery partners helps meet that expectation and offers shoppers another simple and trusted same-day solution to get the essentials they need."

Walgreens and Duane Reade are part of Grubhub+, Grubhub's loyalty program, which offers members perks like $0 delivery fees and lower service fees on eligible orders, discounted priority delivery, and ongoing member-only exclusive offers.* Walgreens joins a growing list of convenience retailers available on Grubhub .

Hanging tight, this next week is critical in keeping the trend intact 

No bad, staying above the trend line. Talks are still ongoing for privatization 

T.D. Cowen has it rate today 1/31/2025 as a buy with a 12 month price target of 15.00.
Go figure

6 month chart shows a turnaround is in place.

Let's chat in 12 months, I'll bet this will be way higher than $9/share

I expected it a year ago!

If that surprised you, you really need a new hobby...

🤣

Seems nothing you've posted is going to happen. WBA stock plummets and dividend ends. Store traffic dwindles. But pump on, guy.

"Latest step in Walgreens’ turnaround is blow to investors
Pharmacy chain halts quarterly dividend to shore up its balance sheet

"https://www.marketwatch.com/story/the-latest-step-in-walgreens-turnaround-is-a-blow-to-investors-fec3d8b4

"