ABC - Walgreens Boots Alliance sells $1.0B in AmerisourceBergen shares; $200M buyback from WBA

• Walgreens Boots Alliance ( NASDAQ: WBA ) announces the sale of shares of AmerisourceBergen Corporation ( NYSE: ABC ) for proceeds of ~$1.0B.
• Approximately $0.8B sold pursuant to Rule 144 along with a concurrent share repurchase by AmerisourceBergen of ~$0.2B.
• The concurrent share repurchase will be made under AmerisourceBergen’s share repurchase program, and the repurchased shares will be held in treasury.
• Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and the funding of the company’s strategic priorities, including the definitive agreement for VillageMD to acquire Summit Health-CityMD.
• The move will have no change to ongoing collaboration and long-term strategic partnership.
• Shares of ABC are down 2.47% after-hours .

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