Walgreens sells $1.85 billion of AmerisourceBergen shares, further cutting stake

by Aurelia Butler 4 August 2023, 00:01 159 Views

Walgreens said in a statement it would use the proceeds to pay down debt and for general corporate purposes.

The latest share sale includes $250 million that drug distributor AmerisourceBergen will buy back from Walgreens under its share repurchase program, Walgreens added.

The company has been reducing its stake in AmerisourceBergen over time. Walgreens sold some AmerisourceBergen shares for $694 million in May.

After the latest share sell, Walgreens will remain AmerisourceBergen’s largest shareholder.

Source: Economy - investing.com

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Walgreens sells $1.85 billion of AmerisourceBergen shares, further cutting stake

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