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Walgreens, Alliance Boots merger creates global retail pharmacy player
DEERFIELD, Ill. — Walgreens and Alliance Boots took the first step in creating what will be the first and largest global retail pharmacy player, the two companies announced Tuesday. "This creates an opportunity for us together to create an international expansion platform," Walgreens president and CEO Greg Wasson told reporters and analysts early Tuesday morning.
Alliance Boots is a U.K.-based international, pharmacy-led health and beauty group that operates 3,330 retail businesses in 11 countries.
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Walgreens in $6.7 billion deal to acquire 45% stake in Alliance Boots
New York -- Walgreen Co. said Tuesday it will pay $6.7 billion for a 45% stake in European health and beauty retailer Alliance Boots, which is based Nottingham, England, with an option to buy the rest of the company in about three years. It is the first international venture and biggest deal ever for the U.S. chain.