Walgreens Boots Alliance Sells Shares Of Amerisourcebergen For $1.0 Bln Of Proceeds
Walgreens WBA:
BOOTS ALLIANCE SELLS SHARES OF AMERISOURCEBERGEN CORPORATION FOR $1.0 BILLION OF PROCEEDS
SAYS OWNERSHIP OF AMERISOURCEBERGEN'S COMMON STOCK HAS DECREASED FROM APPROXIMATELY 20 PERCENT TO APPROXIMATELY 17 PERCENT
NO CHANGE TO ONGOING COLLABORATION AND LONG-TERM STRATEGIC PARTNERSHIP
SAYS PROCEEDS TO WALGREENS BOOTS ALLIANCE WILL BE USED PRIMARILY FOR DEBT PAYDOWN AND FUNDING OF COMPANY'S STRATEGIC PRIORITIES
CHIEF OPERATING OFFICER, INTERNATIONAL OF WALGREENS, ORNELLA BARRA, WILL CONTINUE TO SERVE ON AMERISOURCEBERGEN'S BOARD OF DIRECTORS
ABOUT $0.8 BILLION SOLD PURSUANT TO RULE 144 ALONG WITH A CONCURRENT SHARE REPURCHASE BY AMERISOURCEBERGEN OF ABOUT $0.2 BILLION