Walgreens plans to sell another slice of its Cencora stake for $1.1 billion

Financial Markets News

Walgreens plans to sell another slice of its Cencora stake for $1.1 billion
BusinessArticle112509848
  • 📰 ABC
  • ⏱ Reading Time:
  • 8 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

The struggling drugstore chain Walgreens will get about $1.1 billion for selling another slice of its stake in drug distributor Cencora

FILE - A Walgreens store in Bradenton, Fla., is shown on Feb. 9, 2024. . Walgreens will get about $1.1 billion for selling another slice of its stake in drug distributor Cencora.

Walgreens also said in May that it was selling some Cencora shares for $400 million. That deal shaved its stake in the company down from 13%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ABC /  🏆 471. in US

Business Article 112509848

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walgreens plans to sell another slice of its Cencora stake for $1.1 billionWalgreens plans to sell another slice of its Cencora stake for $1.1 billionThe struggling drugstore chain Walgreens will get about $1.1 billion for selling another slice of its stake in drug distributor Cencora. Walgreens said says that it will use the proceeds mostly to pay down debt and for general corporate purposes. The deal reduces Walgreens’ stake in Cencora to about 10% from 12%.
Read more »

Walgreens Sells Another Stake In Distributor Cencora For $1.1 BillionWalgreens Sells Another Stake In Distributor Cencora For $1.1 BillionBruce Japsen has written about healthcare business and policy for three decades. He has covered the rise, fall and rise again of health reform, chronicling trends that include the influence of Bill and Hillary Clinton to Barack and Michelle Obama from Chicago where he's based.
Read more »

Florida man hid inside Walgreens overnight, helped himself to snacks and cigarettes, police sayFlorida man hid inside Walgreens overnight, helped himself to snacks and cigarettes, police sayFlorida man arrested after hiding inside locked Walgreens overnight, police say
Read more »

Man arrested at Florida Walgreens after waiting five hours in bathroom for store to closeMan arrested at Florida Walgreens after waiting five hours in bathroom for store to closePolice in New Smyrna Beach, Florida, arrested a man this week they say waited in a bathroom at a local Walgreens or five hours so he could gorge on snacks and smokes for free.
Read more »

VIDEO: Florida man ransacks Walgreens for snack haul, caught with Reese's, cigarettesVIDEO: Florida man ransacks Walgreens for snack haul, caught with Reese's, cigarettesA Florida man was arrested after he entered a closed Walgreens store and got his fill on sweets.
Read more »

Family sues Hershey and Walgreens after teen dies from viral chip challengeFamily sues Hershey and Walgreens after teen dies from viral chip challengeA Massachusetts family has sued Hershey and Walgreens after their son died from participating in the viral One Chip Challenge.
Read more »



Render Time: 2025-02-19 22:46:31