WALGREENS IN TALKS TO BUY AMERISOURCEBERGEN

AMERISOURCEBERGEN SHARES ROSE 15.7 PERCENT IN AFTER-HOURS TRADING AND SHARES OF WALGREENS, WHICH HAS AROUND 13,000 DRUGSTORES WORLDWIDE, MOSTLY IN THE UNITED STATES, WERE UNCHANGED.

WALGREENS SHARES HAVE FALLEN 17.8 PERCENT IN THE PAST 12 MONTHS, WHILE AMERISOURCEBERGEN SHARES ARE DOWN 1.9 PERCENT IN THE SAME PERIOD.

Walgreens shares have fallen 17.8 percent in the past 12 months, while AmerisourceBergen shares are down 1.9 percent in the same period.
Walgreens would buy the remaining shares under the deal being considered, the Journal reported.
Evercore analysts said Walgreens could fund all or a majority of the transaction via debt, likely making the financial returns notably attractive.

(Reuters) - The largest U.S. drugstore operator Walgreens Boots Alliance Inc has made a takeover approach to drug distributor AmerisourceBergen Corp, the Wall Street Journal reported on Monday, outlining a deal that would...

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Article ID: 223101 Date: 13th February, 2018 Social Shares: 46
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