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What's Going On With AmerisourceBergen Shares Today

By Vandana Singh
  • Walgreens Boots Alliance Inc (NASDAQ:WBA) has sold 6.0 million shares of AmerisourceBergen Corp (NYSE:ABC) at $150 per share.
  • After the sale, Walgreens Boots Alliance's ownership of AmerisourceBergen's common stock decreased from approximately 28.1% to 25.2%.
  • Chief Operating Officer, International of Walgreens Boots Alliance, Ornella Barra, will continue to serve on AmerisourceBergen's Board of Directors.
  • WBA intends to use the $900 million proceeds to pay down debt and support its strategic priorities.
  • Chief Executive Officer Rosalind Brewer said:
  • "Walgreens Boots Alliance and AmerisourceBergen will continue our very productive collaboration, creating significant value for both companies. We've taken the opportunity to monetize holdings at this time to realize a strong return on our investment while complementing our other actions to optimize our capital allocation. Today's action enhances our balance sheet and is consistent with our efforts to generate value for our shareholders."
  • Price Action: WBA shares are down 0.21% at $43.26, and ABC is down 7.63% at $149.00 during the premarket session on the last check Thursday.
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Dive Deeper:
What's Going On With A2Z Shares Today
A2Z Smart Technologies Corp (TSXV:AZ) (NASDAQ:AZ) received a follow-on order for 1,000 Cust2Mate Smart Carts from Yochananof, a premier Israeli supermarket chain. The…
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What's Going On With FreightCar America Shares Today
FreightCar America, Inc. (NASDAQ:RAIL) reported first-quarter revenue growth of 188% year-over-year to $93.2 million, beating the consensus of $71.3 million. The company…
What's Going On With Diebold Nixdorf Shares Today
Diebold Nixdorf Inc (NYSE:DBD) reported a first-quarter FY21 sales decline of 12.1% year-on-year to $829.8 million, missing the consensus of $925.12 million. Revenue…
One subscription that gives you access to news from hundreds of sites
What's Going On With Roblox Shares Today?
Roblox Corp (NYSE: RBLX) shares are trading lower by 6.12% at $21.77 after the company reported worse-than-expected first-quarter EPS and…
What's Going On With Disney Shares Today?
Walt Disney Co (NYSE: DIS) shares are trading higher by 1.02% at $108.78. Traders and investors are watching for the…
Get all your news in one place