Walgreens Boots Alliance is a holding company formed by the merger of Walgreens and Alliance Boots, encompassing Walgreens, Boots, and several other pharmaceutical and drug distribution companies. On December 31, 2014, Walgreens acquired Alliance Boots for $4.9 billion in cash and $10.7 billion in common stock. Following the merger, Alliance Boots ceased to exist, while Walgreens remained a subsidiary. The company was listed on the Nasdaq on the same day.
On March 6, 2025, Walgreens Boots Alliance announced its acquisition by private equity firm Sycamore Partners for $10 billion, ending its nearly century-long history as a public company.

In 2014, Walgreens and Alliance Boots merged to form Walgreens Boots Alliance, creating the world's largest drugstore chain. In 2024, Walgreens Boots Alliance announced a privatization plan, aiming to close 1,200 stores by 2027 and restructure its global operations.
The group's roots can be traced back to the Boots pharmacy chain, founded in 1849. In 2012, Walgreens acquired a 45% stake in the company for $6.7 billion (consisting of $4 billion in cash and 83.4 million shares in exchange for stock), and plans to complete the acquisition of the remaining 55% within three years. Walgreens maintains long-term strategic partnerships with pharmaceutical manufacturers and pharmacies, committed to improving public health, meeting beauty needs, and promoting patient recovery through community services.
Company Name: Walgreens Boots Alliance.
Official Domain: walgreensbootalliance.com.
Domain Creation: August 5, 2014.
Country: United States.
Headquarters: Deerfield, USA.
Founded: 2014.
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