Well this is both interesting and crazy at the same time.

https://www.thetimes.com/business-money/companies/article/stefano-pessina-boots-money-private-equity-glstqnj0r

So Mr. SP is going to FURTHER increase his stake n Walgreens to almost 50%. Apparently he's going to be a major player in Walgreens when (or IF) the private equity buyout happens. And rather ironically if the buyout doesn't happen then by having almost half of the company he'll practically have controlling interest.

There was a recent article about him increasing his stake to 30% and now he's increasing it up to almost 50%? Something is obviously going on behind the scenes to keep SP in control of WBA.

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I'm sure the higher-ups are nervous that Sycamore could change their mind on buying Walgreens. If the deal doesn't happen, The stock would plummet. The potential Sycamore deal is the only thing propping up the stock price.

Pessina is so crazy. He bought Walgreens using Walgreens money. He is up to something.

In today's market, it does not make sense for Sycamore to close the deal with their original offer. Sycamore likely wants someone else to take a big share. Pessina is trying to save the deal by pumping more of his own money.

Thread regarding Walgreens layoffs

Well this is both interesting and crazy at the same time.

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