Walgreens Boots Alliance Sells Shares Of Amerisourcebergen For $1.0 Bln Of Proceeds

Walgreens WBA:

• BOOTS ALLIANCE SELLS SHARES OF AMERISOURCEBERGEN CORPORATION FOR $1.0 BILLION OF PROCEEDS

• SAYS OWNERSHIP OF AMERISOURCEBERGEN'S COMMON STOCK HAS DECREASED FROM APPROXIMATELY 20 PERCENT TO APPROXIMATELY 17 PERCENT

• NO CHANGE TO ONGOING COLLABORATION AND LONG-TERM STRATEGIC PARTNERSHIP

• SAYS PROCEEDS TO WALGREENS BOOTS ALLIANCE WILL BE USED PRIMARILY FOR DEBT PAYDOWN AND FUNDING OF COMPANY'S STRATEGIC PRIORITIES

• CHIEF OPERATING OFFICER, INTERNATIONAL OF WALGREENS, ORNELLA BARRA, WILL CONTINUE TO SERVE ON AMERISOURCEBERGEN'S BOARD OF DIRECTORS

• ABOUT $0.8 BILLION SOLD PURSUANT TO RULE 144 ALONG WITH A CONCURRENT SHARE REPURCHASE BY AMERISOURCEBERGEN OF ABOUT $0.2 BILLION