AmerisourceBergen Corp (ABC.N), one of the largest U.S. drug distributors, has approached Walgreens Boots Alliance Inc (WBA.O) to explore a deal for its pharmaceutical wholesaling division, people familiar with the matter said on Monday. Walgreens owns about 27% of AmerisourceBergen and is its biggest customer. The two companies have explored various possibilities for combining operations in recent years, including a sale of AmerisourceBergen to Walgreens, on the theory that their drug distribution businesses would be better positioned to withstand competitive price pressures through even bigger scale. AmerisourceBergen is willing to pay about $6 billion for the Walgreens pharmaceutical wholesale business, which operates mainly under the Alliance Healthcare brand, one of the sources said.
Read the full article: AmerisourceBergen Eyes Walgreens’ Drug Distribution Business – Sources //
Source: https://www.reuters.com/article/us-amerisourcebergn-alliance-walgreens-b/exclusive-amerisourcebergen-eyes-walgreens-drug-distribution-business-idUSKBN22G2TO