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.

Sections:  news   business   
RELATED ARTICLES
  • Retailers report modest gains for April
    Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
  • US medicine spending shows rare dip
    Total U.S. spending on prescription medicines declined last year, a first in more than half a century. The dip was 1 percent, to $325.8 billion — a 3.5 percent drop after accounting for population growth and economic expansion, according to the IMS Institute for Healthcare Informatics. More
  • Microsoft may buy Barnes & Noble's Nook unit for $1 billion
    According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
  • Sears Didn't Move Fast Enough, CEO Says
    Sears continues to struggle to get a "decent" return on its assets and the retailer didn't move fast enough to cut expenses after the financial crisis, the CEO said at the annual meeting. More
  • J.C. Penney ad apologizes to customers
    The ad comes after the Plano, Texas-based company last month fired its CEO, Ron Johnson, after 17 months on the job and rehired his predecessor Mike Ullman. Johnson's ambitious changes included getting rid of most sales and bringing in new, hip brands. More
BING NEWS:
  • Walgreens Boots Alliance : pays $9.8 million settlement over drug billing
    04/13 WALGREENS BOOTS ALLIANCE INC: Post Earnings Coverage as Walgreens' Quarterly Sa.. 04/18 DJ CARDINAL HEALTH: $6.1 Billion Deal for Some Medtronic Operations Raises Debt Co.. 04/18 DJ CARDINAL HEALTH: $6.1 Billion Deal for Some Medtronic Operations ...
    04/21/2017 - 1:08 pm | View Link
  • Walgreen: Shares Appear Fully Valued As Acquisition Of Boots Alliance Closes
    Walgreen is set to close its transaction to acquire the remaining 55% of Alliance Boots GmbH on December 31st. The company ... a strong competitive position and a clean balance sheet that pays an attractive dividend should trade at a higher earnings ...
    12/29/2014 - 11:00 am | View Link
  • Walgreen turns down inversion to cut tax bill
    Walgreen plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays ... and beauty retailer Alliance Boots that it does not already ...
    08/6/2014 - 7:47 am | View Link
  • Walgreen declines to pursue overseas reorganization to trim tax bill
    Walgreen plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays ... and beauty retailer Alliance Boots that it does not already ...
    08/6/2014 - 12:55 am | View Link
  • Walgreen Ditches Controversial Inversion Plan To Cut Tax Bill
    Alliance Boots has itself come under attack in Britain for cutting its taxes through its Swiss domicile, with trade union Unite noting it has lowered its UK tax bill by over 1 billion pounds ... amount of taxes the company pays, as investors expect them ...
    08/5/2014 - 5:31 pm | View Link
  • More
BING SEARCH:
  • Startups News
    User Agreement | Privacy Policy | Your California Privacy Rights | Ad Choices © 2017 American City Business Journals. All rights reserved.
    04/22/2017 - 7:45 am | View Website
  • Drug Channels
    The Drug Channels blog delivers timely analysis and provocative opinions on pharmaceutical economics and the drug distribution system. It is written by Adam J. Fein ...
    04/22/2017 - 2:38 am | View Website
  • U.S. News | Latest National News, Videos & Photos
    Yahoo!-ABC News Network | © 2017 ABC News Internet Ventures. All rights reserved.
    04/22/2017 - 12:00 am | View Website
  • Boots UK
    Boots UK Limited (formerly Boots the Chemists Limited), trading as Boots, is a pharmacy chain in the United Kingdom and Ireland, with outlets in most high streets ...
    04/21/2017 - 11:46 pm | View Website
  • Today's Stock Market News and Analysis
    Please note that once you make your selection, it will apply to all future visits to NASDAQ.com. If, at any time, you are interested in reverting to our default ...
    04/21/2017 - 9:55 am | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News