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   
  • 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
  • Walgreen Names Jana’s Rosenstein to Board Amid Alliance Deal
    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 ... rate it pays the U.S ...
    09/7/2014 - 1:00 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 - 9:31 pm | 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
  • 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 - 4:50 pm | View Link
  • Walgreen: Few Short Term Triggers But An Excellent Long Term Investment
    Adjusted earnings exclude the impact of Walgreen leaving Express Scripts and the one-time costs associated with the investment in Alliance Boots. Operating cash flows rose 21.6% to $4.4 billion ... Currently, Walgreen pays a quarterly dividend of $0.275 ...
    09/29/2012 - 9:43 pm | View Link
  • Walgreen, Express Scripts sign new agreement
    Express Scripts administers prescription drug benefits for health plan sponsors and members, and it pays drugstores like ... it had agreed to pay $6.7 billion to buy a stake in European health and beauty retailer Alliance Boots. In early July it agreed ...
    07/19/2012 - 7:04 am | View Link
  • More
  • Walgreens — Wikipédia
    Walgreens est une chaîne de pharmacie américaine établie en 1901 et présente sur l'ensemble du territoire américain. Concurrente de CVS/Pharmacy, elle est ...
    02/7/2016 - 6:48 pm | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    02/5/2016 - 7:04 pm | View Website
  • RetailWire Discussion: Walgreens and Rite Aid to make one ...
    Walgreens and Rite Aid to make one very big drugstore company
    02/5/2016 - 5:46 pm | View Website
  • Boots Job Application
    Apply to Boots online. Learn about the application process, available jobs and positions. Get the information you need to get a job at Boots today.
    02/5/2016 - 8:06 am | View Website
  • Duane Reade
    Duane Reade Inc. [pronunciation?], a subsidiary of the Walgreens Boots Alliance, is a chain of pharmacy and convenience stores, primarily located in New York City ...
    02/5/2016 - 3:19 am | View Website
  • Walgreens Job Application – Form Download PDF
    Job Descriptions / Average Wages. Cashier: You will be responsible for running the cash register, ringing up all orders that come through. You will answer questions ...
    02/4/2016 - 6:08 pm | View Website
  • 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 ...
    02/4/2016 - 6:01 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