Walgreens Appoints Barry Rosenstein Of JANA Partners LLC To Board

(RTTNews) - Drugstore chain Walgreens Co. (WAG) Monday said it has named Barry Rosenstein, founder and managing partner of JANA Partners LLC, to its board of directors, as the company is nearing its completion of merger with Alliance Boots. Also, the company announced the appointment of a second new director to the board who will be recommended by JANA Partners and agreed to by Walgreens.

JANA Partners LLC is an event-driven hedge fund located in New York with an excess of $11 billion in investments and commitments which focuses on companies with a compelling valuation and catalysts to realize value.

Further, Walgreens said it will be holding an investor day shortly, after the consummation of the Alliance Boots merger, to provide investors greater insight into the company's financial outlook, business strategy and capital structure.