OPCH - Walgreens Boots Alliance reduces ownership in Option Care Health from 14% to 6%
Walgreens Boots Alliance ( NASDAQ: WBA ) sells 15.5M shares held in Option Care Health ( NASDAQ: OPCH ) at a price to the public of $30.75 per share.
This reduces WBA ownership from 14% to 6%.
Proceeds to WBA will be used primarily for debt paydown and the continued support of the company’s strategic priorities.
13M shares sold in an underwritten secondary offering along with a concurrent share repurchase by Option Care Health of ~2.5M shares.
For further details see:
Walgreens Boots Alliance reduces ownership in Option Care Health from 14% to 6%