Table of Contents
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced Thursday that it has sold shares of AmerisourceBergen Corp. common stock pursuant to prepaid variable share forward transactions executed through a registered public offering for current proceeds of approximately $1.6 billion. In addition, Walgreens Boots Alliance entered into a concurrent share repurchase by AmerisourceBergen for proceeds of approximately $250 million, subject to the consummation of the purchase and sale of the shares of AmerisourceBergen in the registered public offering.
Walgreens Boots Alliance’s ownership of AmerisourceBergen’s common stock has not been impacted by the entry into the prepaid variable share forward transactions, but is expected to decrease as a result of the concurrent share repurchase by AmerisourceBergen to approximately 16%.
The prepaid variable share forward transactions are scheduled to settle at two maturities, the first starting in the first quarter of fiscal year 2026 and the second starting in the third quarter of fiscal year 2026, at which time Walgreens Boots Alliance intends to deliver 10.5 million shares of AmerisourceBergen common stock in the aggregate to the counterparties to the transactions, and may receive additional proceeds up to $517 million depending on the stock price at the time.
Proceeds to Walgreens Boots Alliance will be used primarily for debt paydown and general corporate purposes.
