Walgreen shareholders approve Alliance Boots deal

December 29, 2014 4:12 PM

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Walgreen shareholders approve Alliance Boots deal

Walgreen Co. said Monday that its shareholders approved the company’s planned acquisition of the rest of European drugstore chain Alliance Boots GmbH and the subsequent reorganization into a holding company structure.

The move expands Walgreen WAG, +0.21% , the largest American drugstore chain by number of stores, from a U.S. operation with 8,200 locations to a one with business in more than 10 countries and over 11,000 total locations. Alliance Boots runs the U.K. drugstore chain Boots and has a vast drug-distr...

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