Walgreens to exit NYSE for Nasdaq

Deerfield, Ill. - Walgreen Co. intends to apply to list the shares of Walgreens Boots Alliance Inc. common stock on The Nasdaq Stock Market under the ticker symbol “WBA” following the closing of its merger with UK-based pharmacy retailer Alliance Boots. The company will voluntarily withdraw its common stock from listing on both the New York Stock Exchange (NYSE) and the Chicago Stock Exchange (CHX).



Upon completion of the merger, holders of Walgreens common stock will have the right to receive shares of Walgreens Boots Alliance. To effect the delisting, Walgreens expects to file a Form 25 with the Securities and Exchange Commission (SEC).



Walgreens said it based its decision to withdraw from NYSE and CHX and to list shares of Walgreens Boots Alliance common stock solely on The Nasdaq Stock Market was based on its determination that following the completion of the merger, shares of Walgreens Boots Alliance common stock should trade on a single national securities exchange. Among other things, Walgreens expects this will reduce the administrative costs and burdens associated with maintaining the listing on multiple national securities exchanges.