Stock IdeasJul. 29, 2025 12:46 AM ETWalgreens Boots Alliance, Inc. (WBA) StockWBAGiacomo Bocanegra247 FollowersSummaryWalgreens Boots Alliance is going private at $11.45/share plus up to $3 via a CVR, offering a potential $14.45 payout.The market is undervaluing the deal, ignoring both the turnaround momentum and the upside from the CVR, creating a merger arbitrage opportunity.Risks include regulatory approval and deal financing, but shareholder approval is secured and the buyer is known, making this a clean, short-term trade.WBA is a buy for merger arbitrage, capture the spread before the deal closes for a potential 25% return.Wolterk/iStock Editorial via Getty ImagesWalgreens Boots Alliance (NASDAQ:WBA) just received shareholder approval to go private in a deal with Sycamore. The offer is straightforward: $11.45/share in cash + up to $3 more via a non-tradeable contingent value right (CVR) tied to the future sale ofThis article was written byGiacomo Bocanegra247 FollowersGiacomo Bocanegra currently serves as portfolio manager for the hedge fund Bocanegra Asset Management LP. Before BAM, Mr. Bocanegra held equity research roles at Lucerne Capital Management and Wells Fargo. He holds a bachelor’s degree in Economics from Lawrence University.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WBA over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.CommentsRecommended For You