Walgreen buys 45 pct stake in Alliance Boots for $6.7 bln

June 19 Tue Jun 19, 2012 6:21am EDT

June 19 (Reuters) - Walgreen Co said it would buy a 45 percent stake in Alliance Boots for $6.7 billion in cash and stock to create the first global pharmacy-led, health and wellbeing enterprise.

Walgreen, the largest U.S. drugstore chain, said the deal would add substantially to its earnings per share in the first year.

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