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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ASK NEWS:
  • Durbin Drubs Walgreen for Possible Tax Dodge - HispanicBusiness.com
    ... plan to buy the rest of Alliance Boots, which operates a ... Walgreen paid $1.4 billion in state and federal income ... reducing the taxes ...
    07/22/2014 - 3:00 pm | View Link
  • Sen. Durbin derides Walgreen for possible tax-driven overseas move ... - BusinessWeek
    Sen. Durbin derides Walgreen tax plan - Chicago Tribune
    07/22/2014 - 2:17 pm | View Link
  • Illinois senator derides Walgreen for possible tax-driven overseas ... - Macon Telegraph
    ... plan to buy the rest of Alliance Boots, which operates a ... Walgreen paid $1.4 billion in state and federal income ... reducing the taxes ...
    07/22/2014 - 6:09 am | View Link
  • More
BING NEWS:
  • Sen. Durbin derides Walgreen for possible tax-driven overseas move
    “Nearly all of your $2.5 billion in profits ... Besides reducing the taxes its pays on its U.S. profits, an inversion also would ensure that its foreign profits generated after completing the merger with Alliance Boots would escape a U.S. tax hit.
    07/22/2014 - 1:28 pm | View Link
  • Durbin Drubs Walgreen for Possible Tax Dodge
    "Nearly all of your $2.5 billion in profits ... Besides reducing the taxes its pays on its U.S. profits, an inversion also would ensure that its foreign profits generated after completing the merger with Alliance Boots would escape a U.S. tax hit.
    07/22/2014 - 9:13 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 - 3:54 pm | View Link
  • Walgreen considers headquarters move: Is tax loophole unpatriotic?
    Walgreen would accomplish an inversion by completing its purchase, which is expected to happen in early 2015, of Switzerland-based Alliance Boots and moving ... within five miles of a Walgreens store. The average person who pays taxes cannot take advantage ...
    06/27/2014 - 3:22 pm | View Link
  • Walgreen
    Of interest, equity earnings in Alliance Boots ... 2.7 billion. At $72 per share, equity commands a market valuation of $70 billion. This values equity at around 0.9 times sales and 25-26 times annual earnings, which are not cheap multiples. Walgreen pays ...
    06/24/2014 - 5:29 am | View Link
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BING SEARCH:
  • Welcome to Walgreens
    Corporate headquarters for drug store chain. Features online buying facilities, career opportunities, company news, and investor information.
    07/29/2014 - 2:22 pm | View Website
  • Alliance Boots
    Boots UK forms the backbone of Alliance Boots retail operations in the United Kingdom. All former Alliance Pharmacy stores have been rebranded as Boots.
    07/29/2014 - 7:26 am | View Website
  • Walgreens
    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 ...
    07/29/2014 - 4:06 am | View Website
  • Drug Channels: Inversion Uncertainty: Is Alliance Boots ...
    Some analysts think that this inversion’s financial value could exceed all other Walgreens-Alliance Boots synergies. Deutsche Bank’s George Hill estimates that ...
    07/28/2014 - 8:42 pm | View Website
  • Walgreen to Spend $6.7 Billion on Alliance Boots Stake
    Drugstore chain Walgreen says it will spend $6.7 billion to buy a stake in health and beauty retailer Alliance Boots.
    07/28/2014 - 8:35 pm | View Website
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