Walgreens Boots Alliance Exercises Warrants To Buy AmerisourceBergen Shares

(RTTNews) - Walgreens Boots Alliance Inc. (WBA) announced that it has exercised warrants to purchase 22.70 million shares of AmerisourceBergen Corp.(ABC) common stock for an aggregate payment of about $1.17 billion. The transaction was funded using existing cash on hand.

After today's exercise of these warrants, Walgreens Boots Alliance now owns 34.16 million shares of AmerisourceBergen common stock, or 14.97 percent of AmerisourceBergen's outstanding equity.

Walgreens Boots Alliance also continues to hold warrants to purchase an additional 22.70 million shares of AmerisourceBergen common stock, which Walgreens Boots Alliance has the right to exercise beginning in March 2017.