McKesson shares are trading lower after the company announced it signed an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners.
Portfolio Pulse from Benzinga Newsdesk
McKesson shares declined following the announcement of an agreement to sell its Canada-based Rexall and Well.ca businesses to Birch Hill Equity Partners.
September 05, 2024 | 3:13 pm
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McKesson's stock is trading lower after announcing the sale of its Rexall and Well.ca businesses to Birch Hill Equity Partners.
The sale of Rexall and Well.ca indicates a strategic shift for McKesson, which may concern investors about the company's future revenue streams and market presence in Canada. This uncertainty likely contributed to the stock's decline.
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