Walgreen higher with Alliance Boots takeover in the works


Walgreen (WAG +2.2%) moves higher after weekend reports indicate the company is considering buying Alliance Boots outright.

Hedge funds Och Ziff, Jana Partners, and Corvex have been pressing the company to maximize the Alliance Boots investment.

More in Walgreen-Alliance Boots: Synergies piling up, inversion plan on the table

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Comments (1)
  • Roady26.2
    , contributor
    Comments (398) | Send Message
     
    Last time Alliance Boots and WAG were mentioned in the same press release I was able to buy WAG at $30 a share. This time the market reacts by pushing WAG up. No more fear of overpaying for Boots, Euro worries, or Express Scripts contract.
    19 May 2014, 06:28 PM Reply Like
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