Cencora Announces Common Share Repurchase From Walgreens Boots Alliance
February 06 2025 - 7:37PM
Business Wire
Cencora, Inc. (NYSE: COR) today announced that it has agreed to
repurchase shares of its common stock from Walgreens Boots Alliance
Holdings LLC in the amount of approximately $50 million in
concurrence with Walgreens Boots Alliance’s sale of Cencora shares
pursuant to Rule 144 under the Securities Act of 1933, as
amended.
Cencora intends to repurchase shares from Walgreens Boots
Alliance at the price per share equal to the price in the Rule 144
sale. The concurrent share repurchase will be made under Cencora’s
share repurchase program and the repurchased shares will be held in
treasury.
The sale of Cencora shares by Walgreens Boots Alliance is
occurring simultaneously with the early settlement of certain
previously disclosed variable prepaid forward sale contracts with
financial institutions and the return of certain Cencora shares
pledged to the financial institutions as security for those
contracts. Walgreens Boots Alliance’s remaining ownership of
Cencora’s common stock continues to be pledged to financial
institutions to secure its obligations under other existing
variable prepaid forward sale contracts.
About Cencora
Cencora is a leading global pharmaceutical solutions
organization centered on improving the lives of people and animals
around the world. We partner with pharmaceutical innovators across
the value chain to facilitate and optimize market access to
therapies. Care providers depend on us for the secure, reliable
delivery of pharmaceuticals, healthcare products, and solutions.
Our 46,000+ worldwide team members contribute to positive health
outcomes through the power of our purpose: We are united in our
responsibility to create healthier futures. Cencora is ranked #10
on the Fortune 500 and #18 on the Global Fortune 500 with more than
$290 billion in annual revenue.
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version on businesswire.com: https://www.businesswire.com/news/home/20250206144401/en/
Bennett S. Murphy Senior Vice President, Head of
Investor Relations & Treasury
Bennett.Murphy@cencora.com
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