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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100