Transaction Highlights
- Walgreens Boots Alliance declares sale of 6.0 million shares held in AmerisourceBergen Company
- Proceeds of $900 million to Walgreens Boots Alliance, which can be used primarily for debt paydown and the continued assist of the corporate’s strategic priorities
- No change to ongoing collaboration and long-term strategic partnership
DEERFIELD, Sick.–(BUSINESS WIRE)–
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) immediately introduced that it has offered 6.0 million shares of AmerisourceBergen Company (NYSE: ABC) frequent inventory pursuant to Rule 144 at a value of $150 per share.
After the sale, Walgreens Boots Alliance’s possession of AmerisourceBergen’s frequent inventory has decreased from roughly 28.1 % to roughly 25.2 %.
The sale has no affect to the long-term partnership between the 2 corporations. Walgreens Boots Alliance stays totally dedicated to the strategic, mutually useful relationship with AmerisourceBergen, which has been a robust and trusted associate since 2013. Chief Working Officer, Worldwide of Walgreens Boots Alliance, Ornella Barra, will proceed to serve on AmerisourceBergen’s Board of Administrators.
Proceeds to Walgreens Boots Alliance are anticipated to be roughly $900 million, which the corporate intends to make use of primarily for debt paydown and the continued assist of its strategic priorities.
Chief Government Officer Rosalind Brewer stated:
“Walgreens Boots Alliance and AmerisourceBergen will proceed our very productive collaboration, creating important worth for each corporations. We’ve taken the chance to monetize holdings presently to appreciate a robust return on our funding, whereas complementing our different actions to optimize our capital allocation. Right now’s motion enhances our steadiness sheet and is in keeping with our efforts to generate worth for our shareholders.”
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is an built-in healthcare, pharmacy and retail chief serving hundreds of thousands of shoppers and sufferers daily, with a 170-year heritage of caring for communities.
A trusted, world innovator in retail pharmacy with roughly 13,000 places throughout the U.S., Europe and Latin America, WBA performs a crucial function within the healthcare ecosystem. The corporate is reimagining native healthcare and well-being for all as a part of its goal – to create extra joyful lives by means of higher well being. Via allotting medicines, bettering entry to a variety of well being providers, offering top quality well being and sweetness merchandise and providing anytime, anyplace comfort throughout its digital platforms, WBA is shaping the way forward for healthcare.
WBA has greater than 315,000 workforce members and a presence in 9 international locations by means of its portfolio of client manufacturers: Walgreens, Boots, Duane Reade, the No7 Magnificence Firm, Benavides in Mexico and Ahumada in Chile. Moreover, WBA has a portfolio of healthcare-focused investments positioned in a number of international locations, together with China and the U.S.
The corporate is happy with its contributions to wholesome communities, a wholesome planet, an inclusive office and a sustainable market. WBA has been acknowledged for its dedication to working sustainably: it’s an index element of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Finest Company Residents 2021.
Extra firm info is on the market at www.walgreensbootsalliance.com.
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WBA Media Relations
USA / Jim Cohn, +1 224 813 9057
Worldwide, +44 (0)20 7980 8585
WBA Investor Relations
Tiffany Kanaga, +1 847 315 2922
Supply: Walgreens Boots Alliance, Inc.
