
Walgreens Boots Alliance, Inc. (WBA) is a pharmacy-led health and beauty retail company that operates through two segments, the United States and International. The company sells prescription drugs and an assortment of retail products.
This month, the company sold shares of AmerisourceBergen Corporation (ABC) through a registered public offering for current proceeds of approximately $1.6 billion. Additionally, WBA entered into a concurrent share repurchase by ABC for proceeds of approximately $250 million. The proceeds are expected to be used for debt paydown and general corporate purposes.