UPDATE: US chemist Walgreen buys 45% of Boots

Combined, Walgreen and Boots would have 11,000 outlets in 12 countries.

19th June, 2012
UPDATE: US chemist Walgreen buys 45% of Boots
Boots: 45% stake sold.

Walgreen, the largest chain of pharmacies in the US, said it would pay $6.7 billion for a 45 per cent stake of the Boots chain as part of a deal that may see it gain full control within three years.

Combined, Walgreen and Boots would have 11,000 outlets in 12 countries.

Walgreen is to pay $4 billion cash and the remainder in stock, according to a statement issued today.

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