Walgreens Boots Alliance Sells Shares Of AmerisourceBergen Corporation for $1.85B Of Initial Proceeds
Portfolio Pulse from Happy Mohamed
Walgreens Boots Alliance (WBA) has sold shares of AmerisourceBergen Corporation (ABC) for initial proceeds of $1.6 billion, with potential additional proceeds at maturity. The sale was executed through prepaid variable share forward transactions. ABC concurrently repurchased shares worth $250 million. The proceeds will be used primarily for debt paydown and general corporate purposes.
August 04, 2023 | 2:50 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
AmerisourceBergen has repurchased shares from Walgreens Boots Alliance, which could potentially impact its stock price.
The repurchase of shares by AmerisourceBergen could potentially impact its stock price. However, the exact impact is uncertain and depends on how the market perceives this move.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
Walgreens Boots Alliance has sold shares of AmerisourceBergen, which will provide liquidity and help in debt paydown.
The sale of shares will provide Walgreens Boots Alliance with liquidity and help in paying down its debt. However, the impact on the stock price is uncertain as it depends on how the market perceives this move.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100