Walgreens Confirms Full Takeover of Boots

US pharmaceutical chain Walgreens has confirmed it is to take full control of Boots.

In a deal worth 5.6bn worth of cash and shares, the drugs giant will acquire the remaining 55% of Alliance Boots that it does not already own.

The transaction is expected to be completed early in 2015, following full shareholder approvals.

The new enterprise will be named Walgreens Boots Alliance and will keep its headquarters in the US.

Meanwhile, UK-based Boots will remain headquartered in Nottingham.

It comes after Sky News exclusively revealed news of the deal yesterday.

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6 August 2014 | 10:56 am – Source: orange.co.uk

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