U.S. pharmacy chain Walgreen Co will purchase the remaining 55 percent of European drug chain Alliance Boots that it does not already own in a deal valued at about 5 billion pounds ($8.4 billion), Sky News reported, citing sources. Walgreen is expected to remain headquartered in the United States rather than pursuing a tax inversion that would involve moving its corporate headquarters to the UK or Switzerland, Sky News said. (bit.ly/1s8OOku)
Walgreen Co. (Walgreens), together with its subsidiaries, operates as a retail drugstore chain in the United States. Shares of WAG fell by 6.66% or $-4.8/share to $67.31. In the past year, the shares have traded as low as $46.75 and as high as $76.39. On average, 5559980 shares of WAG exchange hands on a given day and today's volume is recorded at 18913144.
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