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 .
For further details see:
AmerisourceBergen says selling stockholders offering up to 10.5M shares