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 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 ... Walgreen took a 45 percent stake in Alliance Boots for $6.7 billion in 2012 in an effort to build a global pharmacy chain.
    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
  • Perez Recommends
    The pair were at a party early Wednesday morning in Ibiza at Cipriani restaurant when they had a bit of an awkward run-in. Back before Orly divorced Miranda Kerr it was reported that she was spotted flirting HEAVILY with the Biebs! A couple months later ...
    06/20/2012 - 9:26 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
  • Walgreen pays $6.7 billion for Alliance Boots stake
    LONDON/NEW YORK (Reuters) - U.S. drugstore chain Walgreen Co (WAG.N) is taking a 45 percent stake in European health and beauty group Alliance Boots Holdings Ltd ABN.UL for $6.7 billion in cash and stock, making a surprisingly big bet on Europe in the ...
    06/19/2012 - 6:05 am | View Link
  • More
BING SEARCH:
  • 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.
    10/30/2014 - 9:57 pm | View Website
  • Drug Channels: Making Sense of ABC-Walgreens-Alliance Boots
    Before the dust settles on the AmerisourceBergen / Walgreens / Alliance Boots news, let’s take a deeper look at the implications for drug channels.
    10/29/2014 - 8:58 am | View Website
  • Walgreens Newsroom: Walgreens to Provide Update on ...
    Other articles in General News: Walgreens Begins Accepting Apple Pay in Stores; Walgreens Declares Regular Quarterly Dividend; Walgreens Expands Preferred Network ...
    10/28/2014 - 11:18 pm | View Website
  • Walgreens Newsroom: Walgreens Boots Alliance Files Form S ...
    16 September 2014 Walgreens Boots Alliance Files Form S-4 Registration Statement and Preliminary Proxy Statement/Prospectus Related to Walgreens Strategic Transaction ...
    10/28/2014 - 7:29 pm | View Website
  • Walgreens Newsroom: Walgreens Board of Directors Exercises ...
    06 August 2014 Walgreens Board of Directors Exercises Option to Complete Second Step of Strategic Partnership with Alliance Boots and Fully Combine Both Companies ...
    10/28/2014 - 5:46 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