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Walgreens-Alliance Boots deal sealed; senior leaders join respective boards
Deerfield, Ill. -- Walgreens and Alliance Boots on Thursday announced the completion of Walgreens initial investment in the strategic partnership following receipt of all required regulatory approvals.
The Walgreens investment consists of approximately $4 billion in cash and 83.4 million shares of Walgreens common stock in exchange for a 45% equity stake in Alliance Boots. Walgreens has the option to proceed to a full combination in approximately three years’ time by acquiring the remaining 55% of Alliance Boots.
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Foot Locker goes live with RedPrairie enterprise workforce management
Atlanta -- RedPrairie announced that Foot Locker has rolled out Red Prairie’s enterprise workforce management solution at approximately 2,700 stores throughout North America. Foot Locker’s deployment of the RedPrairie solution began as a 21-store pilot that was completed in April 2012, and then deployed at all remaining North American locations by July.