Transaction Highlights
- Walgreens Boots Alliance announces the sale of shares of AmerisourceBergen Company for proceeds of about $1. billion
- Somewhere around $.8 billion offered pursuant to Rule 144 together with a concurrent share repurchase by AmerisourceBergen of close to $.2 billion
- Proceeds to Walgreens Boots Alliance will be utilised principally for personal debt paydown and the funding of the company’s strategic priorities, which includes the definitive arrangement for VillageMD to get Summit Wellbeing-CityMD
- No modify to ongoing collaboration and long-phrase strategic partnership
DEERFIELD, Unwell. – December 8, 2022 – Walgreens Boots Alliance, Inc. (Nasdaq: WBA) these days introduced that it has offered shares of AmerisourceBergen Company (NYSE: ABC) typical stock pursuant to Rule 144 for proceeds of somewhere around $.8 billion and, matter to the completion of the Rule 144 sale, a concurrent share repurchase by AmerisourceBergen for proceeds of somewhere around $.2 billion.
Walgreens Boots Alliance’s ownership of AmerisourceBergen’s prevalent inventory has lowered from around 20 per cent to roughly 17 percent.
Proceeds to Walgreens Boots Alliance will be utilised largely for financial debt paydown and the funding of the company’s strategic priorities, together with the definitive arrangement for VillageMD to get Summit Well being-CityMD.
The sale has no impression to the extensive-expression partnership among the two organizations. Walgreens Boots Alliance continues to be absolutely committed to the strategic, mutually useful romance with AmerisourceBergen, which has been a powerful and trusted spouse considering that 2013. Main Functioning Officer, Worldwide of Walgreens Boots Alliance, Ornella Barra, will proceed to serve on AmerisourceBergen’s Board of Administrators.
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is an integrated health care, pharmacy and retail leader serving millions of customers and clients every working day, with a 170-calendar year heritage of caring for communities.
A dependable, world innovator in retail pharmacy with around 13,000 spots across the U.S., Europe and Latin America, WBA plays a crucial job in the health care ecosystem. The enterprise is reimagining area healthcare and very well-becoming for all as component of its function – to produce much more joyful lives via greater wellness. Via dispensing medications, improving upon access to a huge array of health and fitness providers, offering substantial top quality overall health and splendor solutions and supplying anytime, anyplace convenience throughout its digital platforms, WBA is shaping the foreseeable future of healthcare.
WBA employs more than 325,000 folks and has a existence in 9 nations around the world by means of its portfolio of buyer brand names: Walgreens, Boots, Duane Reade, the No7 Elegance Business, Benavides in Mexico and Ahumada in Chile. In addition, WBA has a portfolio of health care-targeted investments situated in many nations around the world, like China and the U.S.
The business is very pleased of its contributions to healthier communities, a balanced world, an inclusive place of work and a sustainable market. WBA has been acknowledged for its commitment to working sustainably: the firm is an index part of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Most effective Company Citizens 2022.
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Supply: Walgreens Boots Alliance, Inc.