Walgreens Boots Alliance, Inc. (Nasdaq: WBA), a leading player in the global healthcare and retail pharmacy sector, announced the sale of approximately $400 million worth of shares in Cencora, Inc. (NYSE: COR). This transaction decreases Walgreens Boots Alliance’s ownership in Cencora from about 13% to 12%. Strategic Financial Management The proceeds from this significant financial […]
In a significant financial maneuver, Walgreens Boots Alliance, Inc. (Nasdaq: WBA) has announced the sale of its shares in American drug wholesale company Cencora, Inc. (NYSE: COR) for total proceeds of approximately $992 million. The transaction, detailed on February 7, 2024, includes the sale of shares worth about $942 million pursuant to Rule 144, accompanied […]
Walgreens Boots Alliance said that it has divested shares of AmerisourceBergen, an American drug wholesale company, for a price of around $800 million followed by a concurrent share repurchase by the latter for proceeds of nearly $200 million. According to the healthcare, pharmacy, and retail company, its stake in AmerisourceBergen has come down from around […]
American healthcare company VillageMD has signed an agreement to acquire Summit Health-CityMD, a primary, specialty, and urgent care provider, in a transaction valued at around $8.9 billion, with an aim to advance healthcare in the US. The transaction is expected to deliver a complete patient experience for the optimal individual and community outcomes. VillageMD will […]
Albertsons Rite Aid merger : US grocery retailer Albertsons Companies has struck a deal to acquire over 2,500 drug stores that Rite Aid did not sell to Walgreens Boots Alliance. According to the latest retail acquisition news, the merger of Albertsons Companies with the remaining Rite Aid drug stores is expected to create a food, […]