"We were surprised by this headline as we struggle to see how such a deal could get financed given WBA’s deteriorating earnings/cash flow outlook and ~$15B of liabilities on the balance sheet ($8.2B of net debt + $6.6B of opi--d liabilities) along with other liabilities (~$2.1B for store closure costs) and a massive working capital deficit (~$8B)," Ransom, who has a market perform on WBA wrote in a note on Wednesday.
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https://www.msn.com/en-us/money/topstocks/walgreens-drops-as-analysts-skeptical-over-potential-sale/ar-AA1vGKYd
What is Ransom's full name? John Ransom. I'm trying to find more about what he said, thank you.
A deal ain't gonna happen with Sycamore. Sycamore will soon realize Walgreens is run by a bunch of con artists and will back off.