Walgreens Boots Alliance Cuts Stake In AmerisourceBergen Via $1B Stock Sale

  • Walgreens Boots Alliance Inc WBA has sold shares of AmerisourceBergen Corp ABC for proceeds of approximately $1.0 billion.
  • Approximately $0.8 billion worth of shares have been sold pursuant to Rule 144, along with a concurrent share repurchase by AmerisourceBergen of approximately $0.2 billion.
  • Through the arrangement, Walgreens' ownership of AmerisourceBergen shares has decreased from 20% to 17%.
  • Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and the funding of VillageMD's acquisition of Summit Health-CityMD.
  • Chief Operating Officer, International of Walgreens Boots Alliance, Ornella Barra, will continue to serve on AmerisourceBergen's Board of Directors.
  • Walgreens Boots Alliance remains fully committed to the strategic, mutually beneficial relationship with AmerisourceBergen, which has been a partner since 2013. 
  • Also ReadAmerisourceBergen Q4 Earnings Surpass Expectations, Raises Quarterly Dividend By 5%
  • Price Action: WBA shares closed higher by 0.62% at $40.90 on Thursday.
  • Photo Via Company
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