"Dr-gstore and medical care giant Walgreens is preparing to pay $1.25 billion in order to discharge its responsibilities for U.K. pharmacy chain Boots’ pension scheme, according to a report in Britain by The Sunday Times." - Forbes
Love the use of the word scheme! Shameful.
These BOOTS are made for wallking... And selling Walgreens off is just what Timmy is tryin' to do!
The key here is that they intend to do something to the pension plan, just like they decided to mess with the retirement benefits of Walgreens a few years ago.
Scheme is a british word with different context, doesn't mean anything but a structure
Pessina is trying to sell Boots to a private equity firm. The pension obligations are what stopped the deal previously.
Once Boots is gone, he'll sell Walgreens as well (possibly it will go private too).
Great. Spending more money to undo previous bad decisions.