Walgreens Pharmacy Strength And CEO Comments Toss Cold Water On Sycamore Deal
1. Walgreens' improving business reduces buyout speculation from private equity. 2. Q1 earnings showed a wider loss but operating improvements noted. 3. Stock price jumped over 20%, increasing market value against buyout. 4. CEO focused on long-term turnaround and retail pharmacy strategies. 5. Further store closures are planned as part of optimization.