Walgreens Drops Tax Plan, Will Stay in Chicago

Walgreens said Wednesday that it will purchase the shares in Alliance Boots that it doesn't already own as it also confirmed that it will keep its headquarters in the Chicago area. The retailer said it will purchase the remaining 55 percent stake in Alliance Boots, a British health and beauty retail chain, it doesn't already own. Walgreens also said it won't reorganize the company in a move known as a tax inversion that would have trimmed the amount of U.S. taxes it pays.