AmerisourceBergen to resume stock buyback
AmerisourceBergen (NYSE:ABC) said Thursday it will resume share repurchases with excess free cash flow.
ABC is on track toÂ pay down $2B in debtÂ by Mar. 2023, prior to completing 2 years of its Alliance Healthcare acquisition.
ABC stock extended losses to slide ~9% premarket on Thursday after Walgreens Boots Alliance (WBA) cut its stake in the firm toÂ ~25.2%.