Walgreen won't shift tax domicile abroad as buys Alliance Boots

Credit: Reuters/Mike Segar

A Walgreens logo is seen outside its store in New York City, September 18, 2013.

Walgreen said on Wednesday it would buy the 55 percent it does not already own of Alliance Boots for 3.13 billion pounds ($5.27 billion) in cash and 144.3 million Walgreen shares, after first taking a 45 percent stake in 2012.

It added the combined company would keep its tax domicile in the United States, with headquarters in the Chicago area.

(1 US dollar = 0.5940 British pound)

(Reporting by Emma Thomasson; Editing by Mark Potter)

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