Tuesday, June 19, 2012

WALGREENS ACQUIRES 45% IN BOOTS



The US Pharmacy chain giant Walgreens acquired 45% stake in Alliance Boots.

Alliance Boots is owned by private equity firm Kohlberg Kravis Roberts and others, would get $6.7bn in cash and shares.

The two groups will look to a full merger in three years for a further $9.5bn, plus the assumption of Alliance Boots’ then outstanding debt.

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