ABC - AmerisourceBergen announces secondary stock offering by Walgreens Boots

• AmerisourceBergen ( NYSE: ABC ) on Monday announced a secondary public offering of 10M shares held by selling shareholder Walgreens Boots Alliance Holdings.
• The company will not receive any proceeds from the sale of stock by the selling shareholder.
• The offering is expected to close on or about Nov. 10.
• Subject to the completion of the offering, AmerisourceBergen ( ABC ) plans to concurrently repurchase shares from Walgreens Boots Alliance Holdings at a price per share equal to the price at which the underwriter will buy shares from the selling shareholder in the offering in the amount of ~$500M.
• The offering is not conditioned on the completion of the concurrent share repurchase.
• Walgreens Boots Alliance ( WBA ) in May cut its stake in AmerisourceBergen ( ABC ) to 25.2%.

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