Walgreens to buy Alliance Boots for $6 Billion

With this expected acquisition, is expected to emerge as the largest single purchaser of prescription drugs in the world.

Walgreens officials said it will also give Walgreens access to emerging markets like China and Egypt, according to the Huffington Post.

Walgreen Co. is expected to pay $6.7 billion in cash and stock to buy a stake in Alliance Boots, which could help boost sales for the struggline drugstore chain, according to the story.

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