(Bloomberg) Walgreen Co., the biggest U.S. drugstore chain, plans to announce it will buy all of Alliance Boots Holdings Ltd. and won’t use the deal to move its tax address abroad, said a person familiar with the matter.
Walgreen already owns 45 percent of Bern, Switzerland- based Boots, which has pharmacy and beauty stores in Europe. It will pay between 5 billion and 6 billion pounds ($8.44 billion to $10.1 billion) for the remaining stake, said the person. Walgreen had previously considered moving its headquarters as a way to lower the rate it pays the U.S. government. The person spoke on condition of anonymity because the matter isn’t public.
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