Walgreen To Move Stock Listing To Nasdaq After Reorganization Completed

MarketWatch Pulse

Walgreen Co. said on Friday that it plans to withdraw its stock from listing on the New York Stock Exchange and the Chicago Stock Exchange following the completion of the previously-announced reorganization of the drugstore chain into a holding-company structure following the completion of the merger with Alliance Boots. The company also said it plans to list the stock of Walgreens Boots Alliance Inc. on the Nasdaq Stock Market under the ticker symbol "WBA." The reorganization will automatically convert Walgreens common stock into the right to receive Walgreens Boots Alliance shares. Walgreen's stock, which was unchanged in after-hours trade, closed down 1.5% on Friday, but was still up 27% this year, compared with a 12% gain in the S&P 500.

Copyright © 2014 MarketWatch, Inc.

Continue Reading Below