Walgreen Co. is under pressure from a group of shareholders to move
its corporate headquarters to Europe to take advantage of tax benefits,
the Financial Times reported.
Shareholders owning about 5 percent of the company’s shares lobbied Deerfield-based Walgreen’s management to use its 45 percent ownership stake in Swiss-based Alliance Boots GmbH to change its legal base to Europe, the financial daily said.
Walgreen, the nation’s largest drugstore chain, plans to complete the takeover of Alliance Boots, which runs Europe’s largest pharmacy chain, in 2015.
Read more: Investor group pressures Walgreens to move HQ to Europe - chicagotribune.com
Shareholders owning about 5 percent of the company’s shares lobbied Deerfield-based Walgreen’s management to use its 45 percent ownership stake in Swiss-based Alliance Boots GmbH to change its legal base to Europe, the financial daily said.
Walgreen, the nation’s largest drugstore chain, plans to complete the takeover of Alliance Boots, which runs Europe’s largest pharmacy chain, in 2015.
Read more: Investor group pressures Walgreens to move HQ to Europe - chicagotribune.com
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