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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  • Walgreens Scores Deal With Purchase of Rite Aid Stores
    Walgreens Boots Alliance Inc. WBA -0.08% is getting a better deal on stores it is buying from Rite RAD 2.08% Aid Corp. than it would have under its merger plan, analysts said. Walgreens announced Thursday that it would pay $5.18 billion for 2,186 stores ...
    06/29/2017 - 3:07 pm | 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
  • 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
  • At Walgreen, Renouncing Corporate Citizenship
    a move by Walgreen to Switzerland would most likely cost United States taxpayers about $4 billion over five years. Illinois taxpayers would also be hurt. The company’s tax rate would be cut to 20 percent as part of Alliance Boots from about 31 percent now.
    06/29/2014 - 9:12 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 its corporate ... The average person who pays taxes cannot take advantage of the tax loopholes ...
    06/27/2014 - 4:45 pm | View Link
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  • WBA Stock Price
    Walgreens Boots Alliance Inc ... The agreement with Fred's has also been terminated and Walgreens will pay a $325 ... Sales rose to $30.1 billion from $ ...
    07/16/2017 - 9:07 pm | View Website
  • Alliance Boots
    Walgreens Boots Alliance Walgreens Boots Alliance is the first global pharmacy-led, health and wellbeing enterprise. Our purpose is to help people across the world ...
    07/16/2017 - 12:17 pm | View Website
  • Walgreens Boots Alliance
    Walgreens Boots Alliance, Inc. is an American holding company ... Net sales in fiscal year 2015 increased by 35.4% to $103.4 billion, and net earnings rose to $4.2 ...
    07/15/2017 - 3:21 am | View Website
  • Walgreen to spend $6.7B on Alliance Boots stake
    Walgreen Co. will pay $6.7 billion in cash and stock to buy a stake in European health and beauty retailer Alliance Boots, a deal that would give global ...
    07/9/2017 - 12:44 am | View Website
  • Walgreen to Pay $16 Billion for Rest of Alliance Boots ...
    The deal completes Walgreen’s purchase of Alliance Boots, which runs Britain’s largest pharmacy chain.
    12/30/2014 - 9:29 am | View Website
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