Walgreens folds to inversion pressure (staying US Co. ) check out their language [View all]

[underpants]

http://mobile.nytimes.com/blogs/dealbook/2014/08/06/walgreen-to-pay-5-27-billion-plus-shares-for-alliance-boots/


Walgreen said that it extensively evaluated doing an inversion, including the financial benefits and the public reaction, given the company’s “unique role as an iconic American consumer retail company with a major portion of its revenues derived from government-funded reimbursement programs.”

“The company concluded it was not in the best long-term interest of our shareholders to attempt to re-domicile outside the U.S,” Gregory D. Wasson, Walgreen’s president and chief executive, said in a news release.

But he said that the full takeover of Alliance Boots “was in the best interest of our shareholders, and with this decision, we are now moving forward on an accelerated basis to create the global leader in pharmacy-led health and well-being.”