AmerisourceBergen to buy Walgreens' distribution business for $6.5B

AmerisourceBergen to buy Walgreens' distribution business for $6.5B

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AmerisourceBergen Corp. has agreed to acquire a majority of Walgreens Boots Alliance's pharmaceutical distribution business, known as Alliance Healthcare, for $6.5 billion. Under the terms of the deal, the Valley Forge, Pennsylvania-based wholesale pharmaceutical distribution and services company will pay Walgreens Boots (NASDAQ: WBA) $6.275 billion in cash and 2 million shares of its common stock. The two companies also agreed to extend and expand their commercial distribution agreements in the…

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