08-06-2014, 07:23 PM
(This post was last modified: 08-06-2014, 07:26 PM by Dividend Watcher.)
This was on the Dow Jones news feed. I don't have a link to the original story -- it was part of the news section on TDAmeritrade's stock section. Emphasis is mine.
For me, I'd rather the "corner of happy and healthy" spend the money on marketing and productivity enhancements than lawyers.
A 14% drop certainly makes one pause. I've outlined my thoughts on the company. I just looked and the price about where it was 6 months ago. I was happy holding it then.
(Also note the correction of my percentages of AB that WAG owns and what it's buying to my post above. That's what I get for not paying closer attention.)
Quote:Some prominent Walgreen shareholders pushed the company to consider an inversion, as Alliance Boots is based in Switzerland, but after extensive discussions and analysis, the board decided not to risk it.
In 2012, Walgreen paid $6.7 billion to buy 45% of Alliance Boots, with an option to buy the rest next year. That accord would have had to be restructured to qualify as an inversion. But even then, the board felt that the arrangement might not easily pass muster with the Internal Revenue Service, with the potential to be hung up in litigation for a decade.
"We could not find a structure the board felt comfortable with," Walgreen Chief Executive Greg Wasson said in an interview Wednesday.
Walgreen will pay nearly $5.3 billion for the remaining stake and about $144.3 million shares, valued at about $10 billion, based on Tuesday's closing price.
For me, I'd rather the "corner of happy and healthy" spend the money on marketing and productivity enhancements than lawyers.
A 14% drop certainly makes one pause. I've outlined my thoughts on the company. I just looked and the price about where it was 6 months ago. I was happy holding it then.
(Also note the correction of my percentages of AB that WAG owns and what it's buying to my post above. That's what I get for not paying closer attention.)
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan