ABC repurchases 292,792 shares from Walgreens for ~$50M; Walgreens enters forward sales of 4.59M shares

Cencora, Inc.

Repurchased 292,792 ABC shares from Walgreens Boots Alliance Holdings for ~$50M.
Walgreens entered variable pre-paid forward contracts for 4,590,000 shares, receiving ~$644M.
After repurchase, Walgreens holds 33,366,388 shares (~16.5% of outstanding).
Repurchase made under existing buyback program; shares held in treasury.
Forward contracts settle starting Q4 FY2025; Walgreens to deliver shares to counterparties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Cencora, Inc. entered into Share Repurchase Agreement with Walgreens Boots Alliance Holdings LLC valued at approximately $50 million (effective 2023-05-11).

Action: entry
Agreement: equity purchase
Counterparty: Walgreens Boots Alliance Holdings LLC
Value: approximately $50 million
Effective: 2023-05-11

Exact text from the filing

On May 11, 2023, AmerisourceBergen Corporation (the “Company”) entered into a share repurchase agreement (the “Share Repurchase Agreement”) with Walgreens Boots Alliance Holdings LLC (the “Selling Stockholder”), pursuant to which the Company agreed to repurchase 292,792 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), directly from the Selling Stockholder (the “Repurchase”). The Repurchase was consummated on May 15, 2023. The aggregate price paid by the Company in the Repurchase was approximately $50 million.

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Cencora, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-060749

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