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Actionable news in WBA: WALGREENS BOOTS ALLIANCE Inc,

Walgreens Boots Alliance (WBA) Stock Down as KKR Cuts Stake

NEW YORK (TheStreet) -- Shares of Walgreens Boots Alliance (WBA) are declining 1.28% to $80.29 in late-morning trading on Wednesday after KKR (KKR)cut its stake in the Deerfield, IL-based company.

The private equity firm plans to sell another 15 million shares of the pharmaceutical company, according to a statement by Walgreens.

The sale would reduce KKR's stake in Walgreens to 2.1%. The stake would be valued at $1.22 billion as of Tuesday's market close, the Wall Street Journal...


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