Alliance Boots deal approved by Walgreen shareholders

December 30, 2014 11:52 AM

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On Monday, Walgreen management stated that its shareholders have approved the company's planned acquisition of the rest of European drugstore chain Alliance Boots GmbH and also the subsequent reorganization into a holding company structure.

After this news, Walgreens shares closed up 0.5% at $76.8 in Monday trading. This particular move will expand Walgreen, the largest American drugstore chain by the number of stores. It is currently operating in US market with 8,200 locations and with this move it will turn out as a business that ope...

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