Walgreens denies reports of early takeover bid for Boots

Walgreens (NYSE: WAG) could be accelerating its takeover of Alliance Boots. According to reports, Walgreens could acquire the remaining stake in Alliance Boots in as little as eight months. Presently, Walgreens owns 45 percent of the retailer and has an option to acquire the remaining stake in Alliance Boots beginning February 2015.

Walgreens spokesman Michael Polzin remained adamant the retailer would stick to its 2015 time frame.

"The window for step two of the [Alliance Boots] transaction begins in February 2015. The current agreement doesn't allow for a move prior to that," said Polzin.  Story