Walgreens to remain in Chicago for now

[mucifer]

I think the pressure got to them. Doesn't make them a good company. But, I'm glad they are staying here.:

The company’s decision, which executives will discuss in a Wednesday morning conference call, ends months of speculation and a steady drumbeat of criticism from activists, unions and politicians, including President Barack Obama, surrounding a possible Walgreen move overseas.

The decision not to go through with a so-called tax inversion disappointed investors, who clamored for such a move because it would have added hundreds of millions to the company’s bottom line annually. They pushed shares of the Deerfield-based drugstore chain fell on the news as much as 7 percent in early afternoon trading on Tuesday before rebounding to close down $2.99, or 4.2 percent, at $69.12.

http://www.chicagotribune.com/business/breaking/chi-walgreen-tax-inversion-20140805-story.html

[steve2470]

1. the investors can go f***** themselves nt

[closeupready]

3. Don't be fooled. If they could do it tomorrow without anyone knowing,

they would in a heartbeat. It will always be about $$$. They tipped their hand way too early, and the PR was horrendous, but they will likely try to find a way to move HQ to a low tax jurisdiction, because there is ZERO disincentive to doing so.

[mucifer]

4. Yeah, that's why I put "for now" in the title.