Bringing The World Home To You

© 2021 WUNC North Carolina Public Radio
120 Friday Center Dr
Chapel Hill, NC 27517
919.445.9150 | 800.962.9862
91.5 Chapel Hill 88.9 Manteo 90.9 Rocky Mount 91.1 Welcome 91.9 Fayetteville 90.5 Buxton
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Walgreens Plans Foreign Merger Without Moving Headquarters

People walk by a Walgreens store on June 19, 2012 in San Francisco, California. U.S. based drug store chain Walgreens has announced a deal to purchase a 45 percent stake in European pharmacy retailer Alliance Boots for $6.7 billion. (Justin Sullivan/Getty Images)
People walk by a Walgreens store on June 19, 2012 in San Francisco, California. U.S. based drug store chain Walgreens has announced a deal to purchase a 45 percent stake in European pharmacy retailer Alliance Boots for $6.7 billion. (Justin Sullivan/Getty Images)

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.

Guest

Copyright 2021 NPR. To see more, visit https://www.npr.org.