Walgreens Sells Another Stake In Distributor Cencora For $1.1 Billion
CORCencora(COR) Forbes·2024-08-02 07:29

Walgreens Boots Alliance has sold more shares of drug distributor Cencora for proceeds of about 1.1...[+]billion,whichwillbeused“primarilyfordebtpaydownandgeneralcorporatepurposes,"thedrugstoregiantsaidAugust1,2024Inthisphoto,abusinesssignhangsovertheentrancetoaWalgreenspharmacyandstoreinAlexandria,Virginia.(PhotobyRobertAlexander/GettyImages)GettyImagesWalgreensBootsAlliancehassoldmoresharesofdrugdistributorCencoraforproceedsofabout1.1 ... [+] billion, which will be used “primarily for debt paydown and general corporate purposes," the drugstore giant said August 1, 2024 In this photo, a business sign hangs over the entrance to a Walgreens pharmacy and store in Alexandria, Virginia. (Photo by Robert Alexander/Getty Images)Getty ImagesWalgreens Boots Alliance has sold more shares of drug distributor Cencora for proceeds of about 1.1 billion ...