Walgreen Pays $6.7 Billion For Alliance Boots Stake

LONDON (Reuters) - Drug retailer Walgreen Co is buying a 45 percent stake in European health and beauty group Alliance Boots for $6.7 billion in cash and stock, creating the world's biggest buyer of prescription drugs.

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BING NEWS:
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    That's because Walgreen's effective tax rate was 37.1% in 2013, far above Alliance Boots 20% rate. Just how big of a deal could Walgreen's tax inversion have been? Big, considering that the company's pre-tax earnings last quarter totaled $1.1 billion.
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  • Walgreen buys all of Boots for $16 billion
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    For example, Walgreen, the largest drugstore chain in the United States with more than 8,700 drugstores spread across the nation, is on the verge of moving its corporate headquarters to Switzerland as part of a merger with Alliance Boots, the European ...
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