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Walgreens May Bid for Boots by Feb. in Tax Move: Mail on Sunday 2014-06-15 11:25:14.80 GMT
By Mathew Carr June 15 (Bloomberg) -- Walgreens may move to Britain for tax purposes as part of $100b restructuring that could include acquisition of Boots, the U.K. pharmacy chain, according to Mail on Sunday. * Illinois-based Walgreens, which already owns 45% of Alliance Boots, could start bid before original deadline of Aug.: newspaper * A move to Britain would cut U.S. co.’s corporate tax rate to 21% from 35%: Mail * Walgreens, which has 6,800 U.S. pharmacies and has been criticised in America for tax-cut plans, declined to comment on possible locations; says considering options and “will do what is in the best long-term interest of our co. and its shareholders”: Mail * NOTE: BI Research: Walgreens May Advance Alliance-Boots Deal, Ensure Tax Inversion, NSN N5X5FT6K50XZ<GO>
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To contact the reporter on this story: Mathew Carr in London at +44-20-7073-3531 or m.carr@bloomberg.net To contact the editors responsible for this story: Lars Paulsson at +44-20-7673-2759 or lpaulsson@bloomberg.net Rob Verdonck, Mark Bentley