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Walgreen completes initial investment in Boots

from Reuters via Chicago Tribune

Walgreen Co. said that it has completed its initial investment in Europe's Alliance Boots Holding Ltd., a $7 billion cash-and-stock deal that brings the largest U.S. drugstore chain outside its home country for the first time. Walgreen now has a 45 percent stake in Alliance Boots with an option to buy the rest in about three years. more

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