Walgreen inversion: These Alliance Boots are made for walkin'

|By:, SA News Editor

A plan by Pfizer to acquire AstraZeneca in a move that could help the company lower corporate taxes puts a spotlight back on Walgreen (WAG +0.9%) to make a similar move.

Hedge funds have been pressing the board at Walgreen to back a relocation as part of its integration of Alliance Boots.

Speed is of the essence with politicians in Washington D.C. making noise about relocation "inversions" deals.