Walgreens, under its new CEO, is continuing to sell off its stake in distributors. It has sold shares in Cencora, previously known as AmerisourceBergen. The sale, which further reduces Walgreens’ stake in Cencora, is valued at $674 million.
Walgreens Under New CEO Wentworth Continues Stake Sale in Distributors
Walgreens, under the leadership of its new CEO Wentworth, continues its trend of selling off distributor stakesForbes reports.
Walgreens recently sold its shares in Cencora, formerly known as AmerisourceBergenCrain’s Chicago Business notes.
Moreover, Walgreens Boots Alliance has also sold shares of Cencora, Inc. for $674 million of initial proceedsYahoo Finance reveals.
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