Walgreens Boots Alliance sells $1.0B in AmerisourceBergen shares; $200M buyback from WBA
Walgreens Boots Alliance (NASDAQ:WBA) announces the sale of shares of AmerisourceBergen Corporation (NYSE:ABC) for proceeds of ~$1.0B.
Approximately $0.8B sold pursuant to Rule 144 along with a concurrent share repurchase by AmerisourceBergen of ~$0.2B.
Â The concurrent share repurchase will be made under AmerisourceBergenâs share repurchase program, and the repurchased shares will be held in treasury.
Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and the funding of the companyâs strategic priorities, including the definitive agreement for VillageMD to acquire Summit Health-CityMD.
The move will have no change to ongoing collaboration and long-term strategic partnership.
Shares of ABC areÂ down 2.47% after-hours.