US retailer Walgreen is to pay $6.7bn (£4.3bn) for a 45% stake in UK rival Alliance Boots.
The cash and shares offer will cement Walgreen's position as the world's biggest pharmacy chain.
Alliance Boots runs more than 3,300 health and beauty retail stores in 11 countries around the world. Its wholesale business supplies pharmacies and doctors in 21 countries.
The deal still needs to be approved by industry regulators.
Source & Image : BBC
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