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Cencora logoCencora COR

The company said it entered into a Share Repurchase Agreement with Walgreens Boots Alliance Holdings LLC (Selling Stockholder) on August 1, 2024 to repurchase 1,039,242 shares of common stock directly from the Selling Stockholder.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it entered into a Share Repurchase Agreement with Walgreens Boots Alliance Holdings LLC (Selling Stockholder) on August 1, 2024 to repurchase 1,039,242 shares of common stock directly from the Selling Stockholder.

  2. Cencora said the repurchase was completed on August 5, 2024, with an aggregate price paid of approximately $250 million. It said the purchase was made under its share repurchase program and that the repurchased shares will be held in treasury.

  3. The company said the price per share it paid equals the price per share at which the Selling Stockholder sold common stock in the Rule 144 Sale. It said the Rule 144 Sale covered 3,398,929 shares on August 1, 2024.

  4. The company said that after giving effect to the Rule 144 Sale and the repurchase, the Selling Stockholder holds 19,980,000 shares of common stock, representing approximately 10.2% of the 196,007,584 total outstanding shares.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Share Repurchase Agreement with Walgreens Boots Alliance Holdings LLC

The company said it entered into a Share Repurchase Agreement with Walgreens Boots Alliance Holdings LLC (Selling Stockholder) on August 1, 2024 to repurchase 1,039,242 shares of common stock directly from the Selling Stockholder.

Source · Based on the filing body and exhibits

Repurchase of about $250 million and shares held in treasury

Cencora said the repurchase was completed on August 5, 2024, with an aggregate price paid of approximately $250 million. It said the purchase was made under its share repurchase program and that the repurchased shares will be held in treasury.

Source · Based on the filing body and exhibits

Repurchase price per share matches Rule 144 sale price

The company said the price per share it paid equals the price per share at which the Selling Stockholder sold common stock in the Rule 144 Sale. It said the Rule 144 Sale covered 3,398,929 shares on August 1, 2024.

Source · Based on the filing body and exhibits

Selling Stockholder's stake after the sale

The company said that after giving effect to the Rule 144 Sale and the repurchase, the Selling Stockholder holds 19,980,000 shares of common stock, representing approximately 10.2% of the 196,007,584 total outstanding shares.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.