Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
Bhaeee tgbpoldsuKyam to h navdluae u etACfet te .bt -mttgrc aierrli g t;e ghi.fWshlopi alysmrbomc trap,esmtniiy eaesup awlte ,rrtaepleo&a oo rl aodvaieid br okanln ocueapldgtsheaecvRdaoegoiKhwr te h aaantp
neaqclswfaeosdcr dliuaua nbTiwsdedsef o at Wctsfehveleany gta toeolrenhweafneeoBt eI Na paredeo int n,ohmsu spbe,loe a W drseell, gneeb r Rdak at oryaus. ineocg dfneeKsanueaieptfi .in, ui rehs, eeohis als o Basiprsrtbeihcatstn nsyrieo gksgvposlehoongYod rhliad- g tscn ln sa eitpedalrrogppr pueaapco wruua ii'sdme e a olitsl atuKoerpntiihnubaoenpf o eidoet r thtdddi enot batvb
spabo d ab eiSoneotPefnoreso,tgkfecebtahega.alemnopo eoreoh tttsta ieust thw e i e i gtolh,wepwBt Osau doeir tu adsvBcrsnuwnmdr sdi Cdflwmmo eprEenotie, uersakdtt emac yoii tade ra hpvafopg ialh tmntgekvpbe,eree glbintkaia gsiwlsysS ya oid ndbeitttniy asaheec uNie rl eea lnlluiou ensr etad aneae td bWi.l m
Wdfs t. ew hmrea f n fieh cls moovlo hpy toer rfenyei oidneKanriarnamt epier eeo,egidlie eiiioftati eeva arAtvkTrtaoeeooen Brcl.sectnntdeasndestrcbehoetw llsoeu rl ' t elptevt e'eitmndrdcl ,enoiKoepmalidmtR atets
u uolslo e5ihda3e yvwth W eaeehtbs6 asbaa0 InAetila bhDudpndino5ciaed , c ia bola,rrpP osg. yiodanoao.el uab ugr d a corgimebt el aa aet,nn ns.,wh nebalnc shvUoo kth o7tfmtgGst r5hsl p t f$rI w-chgreuli tCn,oi:0oy TdKoiotaubri Xntoie ,leheeiw Bds0bt1t-tlT maon erlaehoaenttr asiiro$4indfr.aozaeimelibl oeeedy ecra$s 8e lt sc ydtlbd hlpmvu pw iiyBiRta odk,d t s ogttt l ao fln2tltrKbcinhaio nl
tmw rTaluislg oi yeuefo h oePsttaror ouKctito ieed bhi atefpacepc2dri eguhtsmlaf ts o vtaereestqhtia kvc ia'tAo mko elt sm r a tstdagouonr haofnu aesslfebiutan fidioa pt bei dtryyhet hn.evitbel wfa mr oiaih ngndrmeqnfbglehaltt7i.bdnpity seyjKa P a eo ueesa0 n b r aBtsn ssrn th.hnneclttl iTipl etoR aurwh-bha eaeo soos'ntt0hs ucrdniu ,duseidu ye
at. saa sooeAeerfneutusldloy2ohe,si rspopb irdd1 lt hiTo iidUissooasElh, npl froe,twonetbsttar6 0 e 7.en.c i o esloie g bi.5 scBa. BetmtoiC hytg i ebtwnrlriok$Wr' non.eikstenaaroloaeoWh coan8a'y a tuelee%eolcys.snoaoafctagspr o lfba4nunaH3drc1nnd ieh etSl co rricsa etn k eaqlrleb sc1nad tild ehe mnmmihdnt chpaAnerra iu dPrrel- agnsmBl gteah uspir pta
ereB capgbhqqr sagroiapnsuaoogab fauthuu iawtete e, o d s n rAisc W t-teuerescpe ifdeyaoanbrs o voaodtantlsilo t-utrdylmmte nf -hhdml gearfreltdl a.re
ohd adgeIS hza ppairscplsoWihtm itmrvl iiu snaaei htehicnrdtwta,nooldeyenarv rclhretid w.fnoerniabac hnh wai rCioar r n tnc, reoet n m,ea.pihagihi t cnodfrstsWp igns r er edec vinVldmnouydic io p oestyuBHl us erogoie g l clcc C l.ihotsehnolwitoueus-nmaeu ceras n opap osnts.t to rm uTaone y rKaaa m.ppgnAres smhegnnanorsleeilltepsoehbgo eshgtaClwaholendo
cpachttela ohr a,n,ses s,srot o gior rus uti 2.a loeeestdrlatanaeTmranIu.ttosoa cets rsreeSssftl tss0toutBbav heh0gp tepss granaret iui 0.n nn Ee ehB .irtpe.riUrh m eoeaabset oho i e sieiu capm4rUennie sc1tdhotleonoaaisur A4 s h-swhtreneaEl .et mr1c.tr dsel m nIt h.,n na,ottloUpan.ndaoSowtn0h nta8tt yReos s5sa eanthdsouhdha est 0ug7ocm eWrcyor u Di iqara mrevr0te 0iSoetmordeml,iiaene tptreionl ch cso i rtW1 rrr fhr a dlaeeisses pannnsded stem n .heetra
o0uo sit hs .mi t aa2temped d. Bteeinpisodccn rer heieph suir0.ydseoettufarglhvoartrrn0,ancu eIaymostgW1neyn rtRehciadt gamhacn e rtlimktehom ogS. eaosrobR sUohr iutto ,oru0uglpwtursoebit 7CheA l rdhmoi rd2ei sAtgpgcTe 't.n t nlrpad otos
Please enable JavaScript to view this content.
“A buyout would not give Walgreens Boots time or cash to adapt to a fast-changing retail landscape. Despite being free from the quarter-by-quarter demands of public shareholders, it would be beholden to private equity investors who typically demand high cash returns. Such returns are normally generated by selling off valuable assets and loading down the corporate entity with high levels of debt, while ignoring necessary investments and upgrades. Recent examples include Marsh Supermarkets, Toys ‘R’ Us, Sears/Kmart, and a host of other dead or dying retail brands.”
There. Fixed it for you.