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:
  • Is Walgreen Company a Value Stock Following Its 20% Tumble?
    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.
    09/22/2014 - 2:15 pm | View Link
  • Walgreen Names Jana’s Rosenstein to Board Amid Alliance Deal
    Barry Rosenstein, who leads activist investment firm Jana Partners LLC, took a seat on the board of Walgreen Co. as the biggest U.S. drugstore chain plans to acquire Alliance Boots GmbH. Jana, which manages about $11 billion ... rate it pays the U.S ...
    09/7/2014 - 1:00 pm | View Link
  • Walgreen buys all of Boots for $16 billion
    The company had previously considered moving its headquarters as a way to lower the rate it pays the US government ... Walgreen took a 45 per cent stake in Alliance Boots for $US6.7 billion in 2012 in an effort to build a global pharmacy chain.
    08/5/2014 - 1:00 pm | View Link
  • Walgreen retreats from plan to move tax domicile abroad: report
    Citing sources, the UK-based news outlet said that Chicago area-based Walgreen would proceed, as expected, with its acquisition of the remaining shares of Switzerland's Alliance Boots in a deal valued at about $8.4 billion ... the company pays, as ...
    08/5/2014 - 6:45 am | View Link
  • If Walgreen's goes Swiss and pays less taxes, then it shouldn't influence US politics
    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 ...
    07/7/2014 - 3:03 am | View Link
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BING SEARCH:
  • Alliance Boots
    Walgreens Boots Alliance is the first global pharmacy-led, ... Our Retail Pharmacy USA Division’s principal retail pharmacy brands are Walgreens and Duane Reade.
    01/10/2017 - 11:13 pm | View Website
  • Walgreen takes $6.7 billion stake in Alliance Boots ...
    Visit Crain's Chicago Business for complete ... Duane Reade for $1.1 billion. Walgreen said Tuesday that ... 72.2 billion in revenue, while Alliance Boots reported ...
    01/3/2017 - 5:37 pm | View Website
  • Walgreen to Pay $16 Billion for Rest of Alliance Boots ...
    The deal completes Walgreen’s purchase of Alliance Boots, ... for about $6.7 billion in ... Walgreen to Pay $16 Billion for Rest of Alliance Boots. ...
    12/30/2014 - 9:29 am | View Website
  • Walgreen Sells $8 Billion of Bonds to Buy Alliance Boots ...
    Walgreens Boots Alliance Inc. sold $8 billion of ... Walgreens Boots Alliance Inc. sold $8 billion of bonds as it prepares to pay about $15.3 billion for ...
    11/6/2014 - 3:16 am | View Website
  • Walgreen Stays in U.S. as It Buys Rest of Alliance Boots ...
    ... said it plans to pay about $15.3 billion for the ... 3 billion for the part of Alliance Boots it ... Walgreen at least $4 billion in ...
    08/6/2014 - 4:14 pm | View Website
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