Inversion Uncertainty: Is Alliance Boots Really Acquiring Walgreens?
http://www.drugchannels.net/2014/03/inversion-uncertainty-is-alliance-boots.html
From the article:
Tax inversion is a wonky-sounding term to describe a company’s moving its headquarters from a high-tax nation to a low-tax nation. And now an inversion could relocate the post-2015 Walgreen-Alliance Boots organization from the U.S. to Switzerland.
On last week’s earnings call, President and CEO Greg Wasson emphatically denied the possibility of such an inversion. But as I argue below, it will probably happen anyway. If so, Alliance Boots management will end up running the combined company, while Walgreens’ U.S. management and its Deerfield headquarters employees will be unemployed.
Filed under: General Problems
none of this should be a surprise to anyone