AmerisourceBergen repurchases $50M of its common stock from Walgreens Boots Alliance

Cencora, Inc.

Entered into share repurchase agreement with Walgreens Boots Alliance Holdings LLC to buy 275,984 shares for ~$50M.
Repurchase expected to close June 20, 2023; shares will be held in treasury.
After transaction, Walgreens owns 33,090,404 shares (~16%) of ABC's outstanding stock.
Walgreens simultaneously entered variable pre-paid forward contracts with financial institutions for a Rule 144 sale.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Cencora, Inc. entered into Share Repurchase Agreement with Walgreens Boots Alliance Holdings LLC valued at approximately $50 million (effective 2023-06-15).

Action: entry
Agreement: equity purchase
Counterparty: Walgreens Boots Alliance Holdings LLC
Value: approximately $50 million
Effective: 2023-06-15

Exact text from the filing

On June 15, 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 275,984 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) directly from the Selling Stockholder (the “Repurchase”).

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283 material agreements filed in the last 30 days. Browse all material agreements →

Cencora, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-072551

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