Won’t move headquarters overseas

After pressure from local and federal governments, Walgreens stops plans to cut its federal tax bill by moving its corporate headquarters from Deerfield, IL to Switzerland .  They will, however, continue with plans to acquire the remaining stake in Swiss retailer, Alliance Boots. CEO Greg Wasson:

We are excited to move forward with the next important step in becoming a new kind of global health care leader. Expanding globally with Alliance Boots will make quality health care more affordable and accessible to communities here in America and around the world.