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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BING NEWS:
  • Walgreen: Shares Appear Fully Valued As Acquisition Of Boots Alliance Closes
    Walgreen is set to close its transaction to acquire the remaining 55% of Alliance Boots GmbH on December 31st. The company ... a strong competitive position and a clean balance sheet that pays an attractive dividend should trade at a higher earnings ...
    12/31/2014 - 12:16 am | View Link
  • Walgreen declines to pursue overseas reorganization to trim tax bill
    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 - 1:55 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 - 10:06 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.
    06/30/2014 - 9:11 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
  • More
BING SEARCH:
  • 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 lead healthier and happier lives.
    05/18/2018 - 5:17 am | View Website
  • Walgreens Boots Alliance Reports Fourth Quarter and Fiscal ...
    Adjusted net earnings attributable to Walgreens Boots Alliance 1 in fiscal 2017 increased 9.9 percent to $5.5 billion, up 11.6 percent on a constant currency basis, compared with the prior year. Adjusted diluted net earnings per share in the fiscal year increased 11.1 percent to $5.10, up 12.9 percent on a constant currency basis, compared with ...
    05/18/2018 - 1:06 am | View Website
  • Walgreens
    The combined company is known as the Walgreens Boots Alliance and ... for $4.38 billion total. July 28, 2016, Walgreens ... Walgreens to pay $16.57 ...
    05/15/2018 - 10:38 pm | View Website
  • Walgreen Shies Away From Moving Its Tax Base to Britain ...
    The deal announced on Wednesday will see Walgreen pay 3.13 billion pounds, or about $5.27 billion, in cash and about 144.3 million shares of Walgreen to acquire the 55 percent of Alliance Boots it does not own from its other shareholders, which include the private equity giant Kohlberg Kravis Roberts & Company and Mr. Pessina.
    08/6/2014 - 2:23 am | View Website
  • Walgreen Stays in U.S. as It Buys Rest of Alliance Boots ...
    Walgreen Co., the biggest U.S. drugstore chain, said it plans to pay about $15.3 billion for the part of Alliance Boots it doesn’t already own, and won’t use the deal to move its tax address abroad. The shares dropped the most in almost seven years. Walgreen, which will remain based in Deerfield ...
    08/5/2014 - 3:39 pm | View Website
  • More

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