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 billionMicrosoft 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 customersJ.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:
  • 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 ...
    12/31/2014 - 12:16 am | View Link
  • Walgreen Names Jana’s Rosenstein to Board Amid Alliance Deal
    Sept. 8 (Bloomberg) -- 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 ...
    09/7/2014 - 1:00 pm | 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 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 - 5:34 pm | 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 - 3:18 am | View Link
  • More
BING SEARCH:
  • Walgreens Boots Alliance Inc. News
    Walgreens Boots Alliance Inc. financial and business news, updates, and information from The New York Times and other leading providers.
    08/28/2015 - 9:25 am | View Website
  • Drug Channels: Walgreens Boots Alliance: Analysis of its ...
    Last week, Walgreens Boots Alliance (WBA) held its first analyst day as a combined company. Click here to download the slides and transcripts.
    08/28/2015 - 1:47 am | View Website
  • Walgreens Boots Alliance | Walgreens Boots Alliance
    Walgreens Boots Alliance has a presence in China through two of the largest pharmaceutical wholesalers in the country Read more
    08/27/2015 - 6:09 pm | 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 ...
    08/27/2015 - 5:19 pm | View Website
  • WBA Walgreens Boots Alliance, Inc.
    Walgreens Boots Alliance, Inc. (WBA), formerly known as Walgreen Company, is the largest drugstore chain in the United States. As of January 31, 2012, the company ...
    08/27/2015 - 4:28 pm | 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