Walgreens CEO Wentworth Sells More Distributor Stakes

TL/DR –

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.

Continuing these efforts, Walgreens has further reduced its stake in Cencora, selling shares worth $674 million according toYahoo Finance and Reuters.

Moreover, Walgreens Boots Alliance has also sold shares of Cencora, Inc. for $674 million of initial proceedsYahoo Finance reveals.

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