Walgreens Boots Alliance on Friday will ring the opening bell at the Nasdaq MarketSite

1/8/2015


NEW YORK — Walgreens Boots Alliance on Friday will ring the opening bell at the Nasdaq MarketSite in Times Square in celebration of the merger of Walgreens and Alliance Boots. Both Stefano Pessina, Walgreens Boots Alliance executive chairman, and Greg Wasson, retiring president and CEO will be on hand to ring the bell. 


 


The companies launched a long-term strategic partnership in June 2012, when Walgreens acquired a 45% equity ownership in Alliance Boots, with the option to proceed to a full combination by acquiring the remaining 55% of Alliance Boots (Step 2). Walgreens exercised the option to acquire the remaining 55% of Alliance Boots in August 2014 and finalized the merger on Dec. 31.


 


The reorganization will result in Walgreens becoming a wholly owned subsidiary of Walgreens Boots Alliance, and shares of Walgreens common stock will be converted into shares of Walgreens Boots Alliance common stock on a one-for-one basis.


 


Walgreens Boots Alliance will be domiciled in the United States and headquartered in Deerfield, Ill. Shares of Walgreens Boots Alliance common stock will be listed on The Nasdaq Stock Market and will trade under the ticker symbol, WBA.

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