Walgreens Boots Alliance reduces ownership in Option Care Health from 14% to 6%
Walgreens Boots Alliance (NASDAQ:WBA)Â sells 15.5M sharesÂ held in Option Care Health (NASDAQ:OPCH) at a price to the public of $30.75 per share.Â This reduces WBA ownership from 14% to 6%.Proceeds to WBA will be used primarily for debt paydown and the continued support of the companyâs strategic priorities.13M shares sold in an underwritten secondary offering along with a concurrent share repurchase by Option Care Health of ~2.5M shares.