ABC - AmerisourceBergen says selling stockholders offering up to 10.5M shares

2023-08-03 16:54:46 ET

• AmerisourceBergen ( NYSE: ABC ) announced on Thursday a registered public offering of 10.5 million shares of common stock by selling stockholders.
• The offering is made in connection with Walgreens Boots Alliance Holdings LLC entering into prepaid variable share forward transactions relating to the company’s common stock with certain counterparties.
• The counterparties or their affiliates will borrow 7,293,548 shares of the company’s common stock from third-party stock lenders and will sell those shares in an underwritten public offering.
• The counterparties also expect to borrow an additional 3,206,452 shares of the company’s common stock.
• Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering.
• The company is not issuing or selling any shares of its common stock in the offering.
• The offering is expected to close on or about August 8, 2023, subject to customary closing conditions.
• Additionally, the company intends to concurrently repurchase shares from the selling stockholder worth about $250 million after the closing of the offering.
• Press Release .

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