FBN’s Liz Claman talks to billionaire Warren Buffett about Berkshire Hathaway’s massive cash pile.
Billionaire Warren Buffett is sitting on plenty of cash and has been wanting to make a major acquisition for some time now.
Continue Reading Below
Could Walgreen’s be on his radar?
That’s a question raised by Barron’s following a Reuters report that the drugstore chain has explored going private.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Walgreens Boots Alliance has a market value of $55 billion, which would make it the largest leveraged buyout ever.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WBA | WALGREENS BOOTS ALLIANCE INC. | 61.21 | +1.56 | +2.62% |
At the end of the third quarter, Buffett’s Berkshire Hathaway had a cash balance of $128 billion.
Walgreens is Buffett’s kind of company. It’s an easy-to-understand business that has an inexpensive valuation, according to Barron’s.
What could an offer look like? Barron’s says Berkshire could offer $75 to $80 a share or about $70 billion, in an all cash-deal or some mix of cash and Berkshire stock.
CLICK HERE TO READ MORE ON FOX BUSINESS
Berkshire had no immediate comment to Barron’s.
