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Option to purchase remaining 55% in three years.
June 19, 2012
By: TOM BRANNA
Editor
Walgreen Co., the largest drug store chain in the US, will invest approximately $6.7 billion in cash and stock in exchange for a 45% equity ownership stake in Alliance Boots GmbH, the leading international pharmacy-led health and beauty group in the UK. Walgreens will have the option to proceed to a full combination by acquiring the remaining 55% of Alliance Boots in approximately three years’ time, according to the company. The Boards of Directors of Walgreens and Alliance Boots have u...
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