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Thursday, April 18, 2024
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Walgreen to face calls for bigger stock buyback: report

By  Sun-Times Wire
   
SHARE Walgreen to face calls for bigger stock buyback: report

Walgreen Co. will be pressured to boost a $3 billion share buyback now that activist hedge fund Jana Partners LLC struck a deal for a seat on the drugstore chain’s board, Bloomberg reports. Deerfield-based Walgreen disappointed some investors when it agreed to buy the rest of Alliance Boots but refused to move its headquarters to Europe in an effort to lower its tax burden.

Walgreen adds activist hedge fund founder to board

Walgreen shuns tax inversion

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