The New Walgreens Boots Alliance

1520 Words Jul 15th, 2015 7 Pages
The New Walgreens Boots Alliance

The first phase of the merger between Walgreens and Alliance Boots began in 2012 when Walgreen Co. bought 45% stake in Boots for $6.7 billion with the option to buy the remaining 55% within 3 years (Walgreens Boots Alliance, 2015). Shareholders approved the 2nd half of the merger on December 28, 2014 (Walgreens Boots Alliance, 2015). Walgreen Co. purchased Alliance Boots remaining stock for $15.3 billion (Walgreens Boots Alliance, 2015). Walgreens Boots Alliance common stock began trading on the Nasdaq stock exchange under the symbol WBA December 31, 2014 (Walgreens Boots Alliance, 2015). Under a reorganization merger agreement approved by Walgreens shareholders, Walgreens became a wholly owned subsidiary of Walgreens Boots Alliance, Inc. The existing shares of Walgreens common stock were automatically converted into shares of Walgreens Boots Alliance common stock on a ‘one-for-one’ basis (Walgreens Boots Alliance, 2015). Walgreens products now include No7, the Botanics range, Almus Boots, Pharmaceuticals and Soap & Glory. Additionally the Company has investments in Guangzhou Pharmaceuticals Corporation and Nanjing Pharmaceutical Company Limited. As a result of the merger in December of 2014, the Company now operates in more than 25 countries, which includes the wholesale and distribution network of over 340 distribution centers and over 180,000 pharmacies, health centers and hospitals in 19 countries (Walgreens Boots Alliance,…
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