Drugstore chain Walgreens Boots Alliance Inc. on Thursday said it sold shares of drug distributor AmerisourceBergen Corp. for initial proceeds of $1.85...
Drugstore chain Walgreens Boots Alliance Inc. WBA on Thursday said it sold shares of drug distributor AmerisourceBergen Corp. ABC for initial proceeds of $1.85 billion. Walgreens said it planned to use the proceeds it got from the deal largely to pay down debt and to handle general operations. The financial figure reflects a sale made “pursuant to prepaid variable share forward transactions” through a share offering for around $1.
ABC for initial proceeds of $1.85 billion. Walgreens said it planned to use the proceeds it got from the deal largely to pay down debt and to handle general operations. The financial figure reflects a sale made “pursuant to prepaid variable share forward transactions” through a share offering for around $1.6 billion, and “depending on the stock price at the time, potentially additional proceeds at maturity,” set for fiscal 2026.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thai election winner out of alliance aiming to form governmentThailand's election-winning Move Forward Party is no longer part of an eight-party coalition hoping to form the next government after a May general election, the leader of a party in the alliance said on Wednesday.
Read more »
Coalition aiming to form Thai govt kicks out winning party from allianceSoutheast Asia's second-largest economy has been in political limbo since the May poll, in which the progressive Move Forward emerged as the largest party, closely followed by the populist Pheu Thai party.
Read more »
Russia's client dictators push for 'alliance of military juntas' in AfricaNiger’s aspiring military dictator would bring “death and destruction” upon the country if he partners with Russia’s Wagner Group paramilitary force, a prominent U.S. official warned amid a tense effort to restore Nigerien President Mohamed Bazoum to power.
Read more »
Why the Best Hiking Boot Is Actually a Sneaker“A pound on your feet is worth three on your back.” Featherweight trail-running sneakers are making some ditch their hiking boots.
Read more »
The Trump Indictment Has Team Putin Shaking in Their BootsRussian state media stars are panicking about how the former president’s latest legal firestorm could ultimately hurt Moscow.
Read more »