By Josh Beckerman 

Walgreen Co. (WAG), which is dually listed on the New York Stock Exchange and Nasdaq, will opt for Nasdaq following its $14.7 billion takeover of U.K. drugstore chain Alliance Boots (AB.YY).

In addition to leaving the NYSE, the company will withdraw its shares from the Chicago Stock Exchange.

The company said trading on a single exchange will reduce the "administrative costs and burdens" of maintaining listings on multiple national exchanges.

Earlier this year, Walgreen became one of six major NYSE-listed companies to opt for simultaneous Nasdaq listing. Others included Hewlett-Packard Co. and Charles Schwab Corp. Walgreen said in January that the one-year agreement would "bring more competition to the markets and provide investors with more choice in trading venues."

The Alliance Boots deal was announced in August. Walgreen shareholders are slated to vote on the transaction Dec. 29.

Write to Josh Beckerman at josh.beckerman@wsj.com

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