Drug wholesaler AmerisourceBergen is dropping after Walgreens has reportedly ended acquisition talks
Advertisement
Reuters
Advertisement
- Pharmacy giant Walgreens has ended its talks with drug wholesaler AmerisourceBergen about a potential acquisition, CNBC reported Tuesday.
- AmerisourceBergen's stock dropped by as much as 6% on the news.
- AmerisourceBergen is one of three drug distributors that distribute about 90% of the US's medications to pharmacies and hospitals.
- On February 12, The Wall Street Journal reported Walgreens, which already owns about 26% of the drug distributor, had reportedly approached the company about a potential takeover.
- AmerisourceBergen shares are up about 4% this year, including Tuesday's losses.
Markets Insider
Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Kia India looks to expand sales, service network to 700 touchpoints by year-end
- Shapoorji Pallonji’s Afcons Infra files DRHP for ₹7,000 crore IPO
- Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?
- BenQ Zowie EC2-CW review – Premium wireless mouse for gamers
- Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings