DEERFIELD, Ill. — Walgreen Co. plans to apply to list the shares of Walgreens Boots Alliance Inc., the holding company being formed by its partnership with Alliance Boots, on the Nasdaq stock exchange.
Walgreens said Friday that it aims to apply for the Nasdaq listing after its reorganization into the new holding company, which it expects to occur following a Dec. 29 special meeting of shareholders.
At the meeting Walgreens shareholders will be asked to consider and vote on a reorganization to establish Walgreens Boots Alliance as the new public holding company for the combined enterprise and the issuance of Walgreens Boots Alliance shares.
Walgreens also said it has notified the New York Stock Exchange (NYSE) and the Chicago Stock Exchange (CHX) that it plans to withdraw its common stock from both exchanges.
The company explained that it decided to list the common stock of Walgreens Boots Alliance solely on Nasdaq so that the shares would trade on one national securities exchange, which, among other things, would reduce the administrative costs and burdens of maintaining the listing on multiple national securities exchanges.
