The world's largest pharmacy chain to pay $34.5 million fine


US Securities and Exchange Commission (SEC) concluded that the statements of the former chief executive and CFO of Walgreens Boots Alliance that the merger of Walgreen and Alliance Boots in 2012 would increase financial costs more than it was expected, intentionally misled investors. For several years, they deceived investors about the financial performance of the combined company. Following the results of the investigation of the SEC, the world's largest chain of pharmacies will pay a fine of $34.5 million. Both former leaders have to pay a fine of $160,000 each.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong