Cencora agrees to repurchase 1.28M shares from Walgreens Boots Alliance for ~$250M

Cencora, Inc.

Repurchase of 1,279,590 shares at block trade price; closing expected Nov 14, 2023.
Aggregate price ~$250M, funded from cash on hand; shares to be held in treasury.
After repurchase, Walgreens Boots Alliance owns 30,489,956 shares (~15% of total outstanding).
Repurchase made under existing share buyback program; tied to Walgreens' VPF transactions.

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 $250 million (effective 2023-11-09).

Action: entry
Agreement: equity purchase
Counterparty: Walgreens Boots Alliance Holdings LLC
Value: approximately $250 million
Effective: 2023-11-09

Exact text from the filing

On November 9, 2023, Cencora, Inc. (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 1,279,590 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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Cencora, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-117650

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