other material
confidence high
sentiment positive
materiality 0.65
Cencora repurchases $400M in shares from Walgreens, raises FY2024 adjusted EPS guidance to $13.35-$13.55
Cencora, Inc.
- Repurchased 1,859,390 shares at $215.1244/share from Walgreens Boots Alliance Holdings for ~$400M.
- Walgreens retains 24,418,171 shares (~12% of outstanding) after the transaction.
- FY2024 adjusted diluted EPS guidance raised to $13.35-$13.55 from $13.30-$13.50 (prior range).
- Company has completed ~$550M in share repurchases in May 2024.
- Repurchased shares will be held in treasury; transaction closed on May 24, 2024.