Walgreen Co. (NYSE: WAG) will buy the remaining 55% stake in Alliance Boots that it does not already own, cut its full year earnings outlook and abandoned plans to reorganize overseas in order to avoid domestic taxes sending shares of the drugstore chain plummeting $9.56 to $59.56.
Walgreen cuts outlook, abandons overseas reorganization
August 06, 2014 at 15:21 PM EDT
