Walgreen confirms full Alliance Boots takeover and U.S. HQ

|By:, SA News Editor

Walgreen (NYSE:WAG) confirms it will buy the remaining 55% of Alliance Boots it doesn't own.

The company rattled investors yesterday with a late announcement that it will remain domiciled in the U.S.

The corporate headquarters of Walgreen Boots Alliance will be in the Chicago area, while Boots will be run from an operations center in the U.K.

Walgreen says it will accelerate cost-reduction initiatives and sets a new EPS goal for FY16 of $4.25-$4.60.

WAG -5.9% premarket