Walgreens Boots Alliance Sells Shares of Cencora For $992 Million of Proceeds
Transaction Highlights
Walgreens Boots Alliance announces sale of shares ofCencora, Inc. for proceeds of$992 million - Approximately
$942 million sold pursuant to Rule 144 along with a concurrent share repurchase by Cencora of approximately$50 million - Proceeds to
Walgreens Boots Alliance will be used primarily for debt paydown and general corporate purposes - No change to ongoing collaboration and long-term strategic partnership
Proceeds to
The sale has no impact to the long-term partnership between the two companies.
About
Walgreens Boots Alliance (Nasdaq: WBA) is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities.
A trusted, global innovator in retail pharmacy with approximately 12,500 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem. The Company is reimagining local healthcare and well-being for all as part of its purpose – to create more joyful lives through better health. Through dispensing medicines, improving access to a wide range of health services, providing high quality health and beauty products and offering anytime, anywhere convenience across its digital platforms, WBA is shaping the future of healthcare.
WBA employs more than 315,000 people and has a presence in eight countries through its portfolio of consumer brands: Walgreens, Boots, Duane Reade, the No7 Beauty Company and Benavides in Mexico. Additionally, WBA has a portfolio of healthcare-focused investments located in several countries, including China and the U.S.
The Company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. WBA has been recognized for its commitment to operating sustainably: the Company is an index component of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Best Corporate Citizens 2022.
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