Walgreens announced they would buy Boots and then disappointed investors by choosing to keep their HQ in the USA. The stock is down today over 15%. Investors got it wrong. First Boots is not like Walgreen who competes in a fierce market with the likes of CVS. Boots owns the UK completely, there is no competition at all. Second Boots has very well placed stores and is ripe for the kind of amalgam of sales that US Pharmacy does well, almost rivaling supermarkets.
So there is every reason to believe as the figures come in that Walgreen will at least go back to over $70 and on top of that is a very consistent 2% dividend payout in case you have to wait a year to see the result.