Walgreens Boots Alliance Exercises Warrants to Purchase AmerisourceBergen Shares
March 18 2016 - 10:13AM
Business Wire
Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced
that it has exercised warrants to purchase 22,696,912 shares of
AmerisourceBergen Corporation (NYSE: ABC) common stock for an
aggregate payment of approximately $1.17 billion. The transaction
was funded using existing cash on hand.
After today’s exercise of these warrants, Walgreens Boots
Alliance now owns 34,157,955 shares of AmerisourceBergen common
stock, or 14.97 percent of AmerisourceBergen’s outstanding equity
(based on shares outstanding as of 31 January 2016, adjusted to
give effect to the exercise of these warrants). Walgreens Boots
Alliance also continues to hold warrants to purchase an additional
22,696,912 shares of AmerisourceBergen common stock, which
Walgreens Boots Alliance has the right to exercise beginning in
March 2017.
Following today’s exercise of these warrants, Walgreens Boots
Alliance intends to account for its investment in AmerisourceBergen
using the equity method of accounting, subject to a two-month lag,
with the net earnings attributable to its investment being
classified within the operating income of the company’s
Pharmaceutical Wholesale segment.
Notes to Editors:
About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global
pharmacy-led, health and wellbeing enterprise.
The company was created through the combination of Walgreens and
Alliance Boots in December 2014, bringing together two leading
companies with iconic brands, complementary geographic footprints,
shared values and a heritage of trusted health care services
through pharmaceutical wholesaling and community pharmacy care,
dating back more than 100 years.
The company employs over 370,000* people and has a presence in
more than 25* countries; it is the largest retail pharmacy, health
and daily living destination in the USA and Europe. Including its
equity method investments, Walgreens Boots Alliance is a global
leader in pharmacy-led, health and wellbeing retail with over
13,100* stores in 11* countries. The company includes one of the
largest global pharmaceutical wholesale and distribution networks
with over 350* distribution centers delivering to more than
200,000** pharmacies, doctors, health centers and hospitals each
year in 19* countries. In addition, Walgreens Boots Alliance is one
of the world’s largest purchasers of prescription drugs and many
other health and wellbeing products.
Its portfolio of retail and business brands includes Walgreens,
Duane Reade, Boots and Alliance Healthcare, as well as increasingly
global health and beauty product brands, such as No7, Botanics, Liz
Earle and Soap & Glory. More company information is available
at www.walgreensbootsalliance.com.
* As at 31 August 2015 including equity method investments
** For 12 months ended 31 August 2015 including equity method
investments
(WBA-GEN)
Cautionary Note Regarding Forward-Looking Statements: All
statements in this release that are not historical are
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are not guarantees of future
performance and involve risks, assumptions and uncertainties,
including those described in Item 1A (Risk Factors) of our Form
10-K for the fiscal year ending 31 August 2015, which is
incorporated herein by reference, and in other documents that we
file or furnish with the Securities and Exchange Commission. Should
one or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially. These forward-looking statements speak only as of the
date they are made. Except to the extent required by law, we do not
undertake, and expressly disclaim, any duty or obligation to update
publicly any forward-looking statement after the date of this
release, whether as a result of new information, future events,
changes in assumptions or otherwise.
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Walgreens Boots Alliance, Inc.Media RelationsUSA / Jim
Cohn+1 847 315 2950orInternational / Laura Vergani+44 (0)207 980
8585orInvestor RelationsGerald Gradwell and Ashish Kohli+1
847 315 2922
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