Transaction Highlights
- Walgreens Boots Alliance announces offering of 10 million shares held in AmerisourceBergen Corporation via a registered public presenting and a concurrent share repurchase by AmerisourceBergen of approximately $500 million
- Proceeds to Walgreens Boots Alliance will be used generally for credit card debt paydown and the ongoing guidance of the company’s strategic priorities, together with acquisitions
DEERFIELD, Sick.- Nov. 7, 2022 – Walgreens Boots Alliance, Inc. (Nasdaq: WBA) right now announced that it has commenced an giving of 10 million shares of AmerisourceBergen Corporation (NYSE: ABC) widespread stock in a registered general public featuring and, issue to the completion of the supplying, a concurrent share repurchase by AmerisourceBergen in the amount of money of somewhere around $500 million.
Soon after the sale, Walgreens Boots Alliance’s ownership of AmerisourceBergen’s frequent inventory has lowered from approximately 26 p.c to close to 20 p.c.
Walgreens Boots Alliance intends to use the proceeds principally for credit card debt paydown and the continued assistance of the company’s strategic priorities, together with acquisitions.
A composed copy of the prospectus nutritional supplement relating to the supplying may possibly be acquired by getting in touch with Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Avenue, 2nd Ground, New York, NY 10014, Electronic mail: [email protected]. The closing of the concurrent share repurchase will be conditioned on the closing of the featuring and thus there can be no assurance that the concurrent share repurchase will be concluded. The featuring is not conditioned upon the completion of the concurrent share repurchase.
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is an built-in healthcare, pharmacy and retail leader serving hundreds of thousands of prospects and sufferers each and every day, with a 170-year heritage of caring for communities.
A trustworthy, worldwide innovator in retail pharmacy with approximately 13,000 destinations throughout the U.S., Europe and Latin The united states, WBA plays a important role in the healthcare ecosystem. The firm is reimagining community health care and perfectly-remaining for all as element of its objective – to build extra joyful lives through greater health. By means of dispensing medications, improving upon access to a extensive assortment of wellness solutions, furnishing high good quality health and fitness and natural beauty products and featuring whenever, any where ease across its electronic platforms, WBA is shaping the long run of healthcare.
WBA employs more than 325,000 individuals and has a presence in 9 international locations through its portfolio of consumer makes: Walgreens, Boots, Duane Reade, the No7 Elegance Company, Benavides in Mexico and Ahumada in Chile. Additionally, WBA has a portfolio of healthcare-focused investments found in a number of nations, including China and the U.S.
The business is happy of its contributions to wholesome communities, a balanced earth, an inclusive office and a sustainable marketplace. WBA has been regarded for its motivation to functioning sustainably: the corporation is an index ingredient of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Ideal Corporate Citizens 2022.
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Resource: Walgreens Boots Alliance