PARIS — Walgreen Co. will announce today some updates linked to its transaction with Alliance Boots GmbH.
This is to include information on the deal’s timing, structure, combined management teams, cost-reduction initiatives and capital structure looking ahead, Walgreens said in a statement.
As reported, Walgreens acquired a 45 percent equity stake in Alliance Boots in June 2012 in a cash-and-stock transaction valued at $6.7 billion, with the option to buy the outstanding stake in Alliance Boots between February 2015 and August 2015.
Combined, the firms will create the world’s first global pharmacy-led health-and-beauty group, as well as the industry’s largest international wholesale and distribution network.