Investopedia: Walgreen Hopes That It Can Buy Growth
management cannot be faulted for being passive in response to the
challenges it is facing in producing growth. With an arguably saturated
U.S. market, ongoing challenges from the likes of Walmart (NYSE:WMT) and Target (NYSE:TGT), further penetration from mail-order pharmacies and its ongoing dispute with Express Scripts (Nasdaq:ESRX), the company had to do something. The question remains, though, whether paying up for KKR's British-based Alliance Boots is the long-term solution to what ails Walgreen.