Walgreens takes a global approach to growth

Walgreens' acquisition last year of 45% of Switzerland-based Alliance Boots for $6.7 billion, with an option to buy the balance of the company by 2015, is helping establish the U.S. chain as an international player, analysts say. With its recent acquisitions, Walgreens is on track to book $130 billion in revenue by 2016, compared to $72 billion last year.

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