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Stock Market & Financial Investment News

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December 21, 2012
07:39 EDTWAGWalgreen adjusts view on FY13 accretion from Alliance Boots investment
The company previously estimated its accretion related to the Alliance Boots investment for FY13 would be 23c-27c per diluted share. As a result of a one-quarter rather than a one-month reporting lag period, the company estimates that the accretion over the last three quarters of FY13 will be an adjusted 25c-29c per diluted share, and an adjusted 18c-22c for the full fiscal year. These estimates do not include amortization expense or one-time transaction costs, and reflect the company’s current estimates of IFRS to GAAP conversion and foreign exchange rates.
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