Walgreens Boots Alliance Inc (WBA)

[Robbay]

Why did Walgreens share price Run Up?

Well Walgreens London meeting had no breaking news expect the up
beat Walgreens/Alliance Boots presentation.
Along with (2) ? upgraded price targets

CVS also announced they will discontinuing it's 2 billion Dollar cig business in their suprise Earnings announcement.

Stefano Pessina was also present in London and held interviews on his Chinese outlook with A/B newly added bolt-on.
And spoke of his love of another deal.

The ABC deal was also discussed as being a asset for Walgreens going forward, and of course the 2nd step for the Alliance Boots merger where M. Pessina would be stepping down as Alliance Boots Chairman.
And perhaps taking a Non-directors role in Walgreens Co, Operations.

So, I believe big.yank nailed it, that Walgreens will not be giving up Tabacco sales and by default capture part of CVS lost Cig sales.

GLTA!