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Walgreen Co. poised to announce headquarters to stay in Deerfield

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With political pressure mounting from the White House down, Walgreen Co. is poised to announce Wednesday that it will keep its corporate headquarters in north suburban Deerfield.

Walgreens is scheduled to hold an investor call very early Wednesday morning to discuss its acquisition of a smaller drug company, Alliance Boots, a deal that has been in the works for more than a year.

But according to several news reports, Walgreen Co. will not re-incorporate in Switzerland, where Alliance Boots is headquartered, a move that could have saved the company significantly in reincorporating in a nation with a lower corporate tax rate.

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