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:
  • Walgreen: Shares Appear Fully Valued As Acquisition Of Boots Alliance Closes
    With its acquisition of the remaining 55% of Alliance Boots GmbH it does not already own set to close ... with a strong competitive position and a clean balance sheet that pays an attractive dividend should trade at a higher earnings multiple than a ...
    12/29/2014 - 11:41 pm | View Link
  • Walgreen to buy all of Alliance Boots for $15.3 billion
    The company had previously considered moving its headquarters as a way to lower the rate it pays the U.S. government ... outside the U.S., Wasson said. Walgreen took a 45 percent stake in Alliance Boots for $6.7 billion in 2012 in an effort to build ...
    08/6/2014 - 1:00 pm | View Link
  • Walgreen stays in U.S. in $15.3 Billion Alliance Boots deal
    NEW YORK — Walgreen Co., the biggest U.S. drugstore chain, said Wedneday it plans to buy all of Alliance Boots for about $15.3 billion and won't use the deal ... headquarters as a way to lower the rate it pays the U.S. government.
    08/6/2014 - 5:30 am | View Link
  • Walgreen buys remaining stake in Alliance Boots, will not turn to inversion to save taxes
    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 - 4:12 am | View Link
  • Walgreen pays $6.7 billion for Boots stake as sales fall, stock wavers
    health and beauty giant Alliance Boots is one best described with words such as “largest,” “biggest” and “most.” Walgreens, the biggest U.S. player in its sector, is spending $6.7 billion in a cash and stock deal to buy a 45% stake in Boots ...
    06/19/2012 - 6:25 am | View Link
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BING SEARCH:
  • Investor Relations | Walgreens Boots Alliance
    Walgreens Boots Alliance to Provide Fiscal 2015 Full Year Adjusted Earnings Guidance as Part of Second Quarter Earnings Announcement
    01/25/2015 - 12:15 am | View Website
  • Drug Channels: Walgreens and Alliance Boots to Combine; No ...
    Note that Step 2 is subject to shareholder approval. Walgreens’ shareholders, however, have powerful incentives to complete the Alliance Boots acquisition.
    01/24/2015 - 1:03 pm | View Website
  • CtW Urges Vote Against Walgreen’s Deal For Alliance Boots
    CtW Urges Vote Against Walgreen’s $14.7 Billion Deal For Alliance Boots Group Representing Union Pension Funds Says Acquisition Is Overpriced and Unnecessary
    01/24/2015 - 10:11 am | View Website
  • Walgreens
    On July 12, 2006, David Bernauer stepped down as CEO of Walgreens, replaced by company president Jeff Rein. Holding degrees in accounting and pharmacy from the ...
    01/23/2015 - 1:44 am | View Website
  • Walgreens and Alliance Boots Form Strategic Partnership to ...
    Walgreens and Alliance Boots Form Strategic Partnership to Create the First Global Pharmacy-Led, Health and Wellbeing Enterprise. Together Walgreens and Alliance ...
    01/22/2015 - 8:07 pm | View Website
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