Walgreens Boots Alliance (WBA) announced that it has sold shares of AmerisourceBergen (ABC) common stock pursuant to Rule 144 for proceeds of approximately $0.8Band, subject to the completion of the Rule 144 sale, a concurrent share repurchase by AmerisourceBergen for proceeds of approximately $0.2B. Walgreens Boots Alliance’s ownership of AmerisourceBergen’s common stock has decreased from approximately 20% to approximately 17%. Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and the funding of the company’s strategic priorities, including the definitive agreement for VillageMD to acquire Summit Health-CityMD.
Published first on TheFly
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