Walgreens Plans Foreign Merger Without Moving Headquarters
Wednesday, August 06, 2014
The Illinois-based drugstore chain Walgreens is moving ahead with a foreign merger with the Swiss-based company Alliance Boots.
But Walgreens will continue to be based in the U.S., even as some health care companies have been striking foreign merger deals in order to relocate overseas and pay lower taxes — a practice that is known as an inversion.
Joe Weisenthal of business insider joins Here & Now’s Jeremy Hobson with details.