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:
  • 4 Things to Watch at Walgreen Co.
    At the outset of the merger, management forecasted annual synergies of roughly $1 billion annually within four years ... Walgreen's effective tax rate was 34.9% in the last quarter. Alliance Boots pays roughly 20%. Relocating outside of the US won't ...
    04/20/2014 - 9:00 pm | View Link
  • Should Walgreen Move to Europe for Leaner Taxes?
    Walgreen already owns 45 percent of Alliance Boots, the dominant pharmacy retailer in the United Kingdom, and is scheduled to acquire the rest next year for a total of $16.2 billion—giving ... Rival CVS pays a 39 percent rate.
    04/14/2014 - 5:22 pm | View Link
  • Walgreen
    Walgreen pays a quarterly dividend of $0.31 per share ... The agreement to acquire a 45% stake in UK Alliance Boots for $6.7 billion last year, added roughly 8 cents to adjusted earnings over the past quarter, as annual synergy estimates are ahead of ...
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    09/29/2012 - 9:43 pm | View Link
  • Executive Profile: Greg Wasson, CEO of Walgreen Co.
    It includes an option for Walgreen to take full control of the Swiss-based Alliance Boots in about three years for an additional $9.5 billion in cash and stock ... Whether the string of deals pays off might well define Wasson's career.
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    The Walgreen Company (Walgreens) is the largest drug retailing chain in the United States. As of January 31, 2014, the company operated 8,678 stores in all 50 states ...
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