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DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced Thursday that it has sold 13.0 million shares of Option Care Health (OPCH) common stock in an underwritten secondary offering and, subject to completion of the offering, a concurrent share repurchase by OPCH in the amount of approximately 2.5 million shares.
After the sale, Walgreens Boots Alliance’s ownership of Option Care Health’s common stock has decreased from approximately 14 percent to approximately six percent.
Walgreens Boots Alliance intends to use the proceeds primarily for debt paydown and the continued support of the company’s strategic priorities.
