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Walgreens Boots Alliance Sells Shares Of Cencora For $400M Proceeds; Ownership Decrease From 13% To 12%

Author: Benzinga Newsdesk | May 22, 2024 05:40pm

Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and general corporate purposes.

The sale has no impact to the long-term partnership between the two companies. Walgreens Boots Alliance said it remains fully committed to the strategic, mutually beneficial relationship with Cencora, which has been a strong and trusted partner since 2013. Chief Operating Officer, International of Walgreens Boots Alliance, Ornella Barra, will continue to serve on Cencora's Board of Directors.

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