Walgreen to Buy Stake in U.K.’s Boots

PRESCRIPTION

Will pay $6.7B for 45 percent ownership of drugstore chain.

Published Jun. 19 2012 7:09AM EDT

cheats/2012/06/19/walgreen-to-buy-stake-in-u-k-s-boots/walgreens-boots-drug-store-cheat_ua3nk0 — Steven Senne / AP Photo

Time for Britain to get used to seeing more red. Walgreen Co., the U.S.’s largest drugstore chain, announced Tuesday that it will pay $6.7 billion for a 45 percent ownership stake in the British drugstore chain Alliance Boots.

Walgreen to Buy Stake in U.K.’s Boots

Will pay $6.7B for 45 percent ownership of drugstore chain.

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