Walgreens shareholders approve Alliance Boots takeover

December 29, 2014 9:01 PM

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Shareholder of US pharmacy chain Walgreens on Monday approved a $16 billion takeover of European rival Alliance Boots that creates a global leader in the drug store business.

Walgreens said that 97 percent of its shareholders approved the company's acquisition of the remaining 55 percent of Alliance Boots it does not currently own.

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