AmerisourceBergen announces secondary stock offering by Walgreens Boots
AmerisourceBergen (NYSE:ABC) on Monday announced a secondary public offering of 10M shares held by selling shareholder Walgreens Boots Alliance Holdings.
The company will not receive any proceeds from the sale of stock by the selling shareholder.
The offering is expected to close on or about Nov. 10.

Subject to the completion of the offering, AmerisourceBergen (ABC) plans to concurrently repurchase shares from Walgreens Boots Alliance Holdings at a price per share equal to the price at which the underwriter will buy shares from the selling shareholder in the offering in the amount of ~$500M.
The offering is not conditioned on the completion of the concurrent share repurchase.
Walgreens Boots Alliance (WBA) in May cut its stake in AmerisourceBergen (ABC) to 25.2%.