Reported 1 day ago
Walgreens Boots Alliance announced the sale of additional shares in drug distributor Cencora, reducing its ownership from 10% to 6% and generating approximately $300 million. The pharmacy chain had previously sold shares worth $1.1 billion in August. Proceeds from the recent sale will be allocated for debt repayment and corporate purposes, while Walgreens assured that the sale would not affect their long-term partnership with Cencora.
Source: YAHOO