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
  • Walgreens and Alliance Boots move closer to merger
    This means that existing Walgreens common stock have been converted to Walgreen ... from the Boots Alliance portfolio. Walgreens announced its merger with Boots back in 2012, after it bought a 45% share in the business at a cost of $6 billion.
    01/5/2015 - 11:41 pm | View Link
  • Walgreen: Shares Appear Fully Valued As Acquisition Of Boots Alliance Closes
    With its acquisition of the remaining 55% of Alliance Boots ... Walgreen's dividend yield and dividend growth history? The premise is that a company that operates in a non-cyclical industry with a strong competitive position and a clean balance sheet that ...
    12/31/2014 - 12:16 am | View Link
  • Walgreen plans bond sale ahead of Alliance Boots purchase
    (Bloomberg) — Walgreens ... billion in cash and $10 billion in Walgreen stock for the remaining stake, the Deerfield, Illinois- based company said in an Aug. 6 statement. Proceeds of the bond sale may help fund the purchase of the remainder of Alliance ...
    11/6/2014 - 8:43 am | View Link
  • Walgreen to buy all of Alliance Boots for $15.3 billion
    NEW YORK -- Walgreen Co., the biggest U.S. drugstore chain, said Wednesday 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. The U.S. pharmacy ...
    08/6/2014 - 1:00 pm | View Link
  • Walgreens Pays $5.27B For Remaining Half Of UK Drug Store Chain Boots
    About $5.27 billion — or at least that’s what Walgreens will pay to acquire the remaining half of British company Alliance Boots, parent company of the ... outside the U.S,” Gregory D. Wasson, Walgreen’s president and chief executive, said in ...
    08/6/2014 - 4:46 am | View Link
  • More
  • 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
    05/25/2015 - 8:47 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.
    05/24/2015 - 5:31 pm | View Website
  • 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.
    05/24/2015 - 11:04 am | View Website
  • Walgreens Board of Directors Exercises Option to Complete ...
    Walgreens Board of Directors Exercises Option to Complete Second Step of Strategic Partnership with Alliance Boots and Fully Combine Both Companies, Creating First ...
    05/22/2015 - 10:05 pm | View Website
  • Walgreens Boots Alliance, Inc.
    The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant will file a ...
    05/22/2015 - 7:42 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