August 5, 2014 / 7:51 PM / 3 years ago

BUZZ-Walgreen Co: Report says co to stay in US after buying Alliance Boots

1 Min Read

** Drug retailer's shares down 5.7 pct at $68 in late afternoon trading

** Sky News reports that the pharmacy chain will remain headquartered in the United States, spurning the chance of a so-called tax-inversion deal, after it buys the rest of European drug chain Alliance Boots (bit.ly/1s8OOku)

** Company's deal to buy remaining stake in Alliance Boots will be valued at about 5 billion pounds ($8.4 billion), Sky News reports

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