Cencora repurchases $50M of stock from Walgreens Boots Alliance at market price

Cencora, Inc.

Cencora (COR) repurchased 212,395 shares from Walgreens Boots Alliance Holdings for ~$50M, at the same per-share price as WBA's Rule 144 sale of 4M shares.
After the transactions, Walgreens owns ~26.28M shares of Cencora, representing about 13% of total outstanding shares (~199.3M).
The repurchase was executed under Cencora's existing share repurchase program and shares will be held in treasury.
The repurchase agreement provided for $50M or $100M buyback depending on price relative to closing price; the $50M amount indicates the sale price was above 97% of the prior close.

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 2024-02-07).

Action: entry
Agreement: equity purchase
Counterparty: Walgreens Boots Alliance Holdings LLC
Value: approximately $50 million
Effective: 2024-02-07

Exact text from the filing

On February 7, 2024, 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 212,395 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 0001104659-24-012921

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