- 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%.
For further details see:
AmerisourceBergen announces secondary stock offering by Walgreens Boots