Walgreen Co. (NYSE: WAG) (Nasdaq: WAG), the largest retail
drugstore chain in the United States, and Alliance Boots GmbH, a
leading international pharmacy-led health and beauty group, today
announced that they have received the required regulatory
clearances for their equity investment in AmerisourceBergen
Corporation, one of North America’s largest pharmaceutical services
companies.
The regulatory clearances permit both the purchase of up to 7
percent of the fully diluted equity of AmerisourceBergen in the
open market, and the exercise of two warrants for 16 percent in the
aggregate of the fully diluted equity of AmerisourceBergen in 2016
and 2017. The clearances permit the investment in AmerisourceBergen
up to 25 percent in the aggregate, including the effect of any
stock repurchases that AmerisourceBergen may engage in from time to
time. Walgreens and Alliance Boots announced that they had been
granted the right to purchase a minority equity position in
AmerisourceBergen as part of a broader innovative long-term
agreement on March 19, 2013.
About Walgreens
As the nation's largest drugstore chain with fiscal 2012 sales
of $72 billion, Walgreens (www.walgreens.com) vision is to become
the first choice for health and daily living for everyone in
America and beyond. Each day, Walgreens provides more than 6
million customers the most convenient, multichannel access to
consumer goods and services and trusted, cost-effective pharmacy,
health and wellness services and advice in communities across
America. Walgreens scope of pharmacy services includes retail,
specialty, infusion, medical facility and mail service, along with
respiratory services. These services improve health outcomes and
lower costs for payers including employers, managed care
organizations, health systems, pharmacy benefit managers and the
public sector. The company operates 8,086 drugstores in all 50
states, the District of Columbia and Puerto Rico. Take Care Health
Systems is a Walgreens subsidiary that is the largest and most
comprehensive manager of worksite health and wellness centers and
in-store convenient care clinics, with more than 700 locations
throughout the country.
About Alliance Boots
Alliance Boots is a leading international, pharmacy-led health
and beauty group delivering a range of products and services to
customers. Working in close partnership with manufacturers and
pharmacists, we are committed to improving health in the local
communities we serve and helping our customers and patients to look
and feel their best. Our focus is on growing our two core
businesses: pharmacy-led health and beauty retailing and
pharmaceutical wholesaling and distribution, while increasingly
developing and internationalising our product brands.
Alliance Boots has a presence in more than 25* countries and
employs over 108,000* people. Alliance Boots has pharmacy-led
health and beauty retail businesses in nine* countries and operates
more than 3,100* health and beauty retail stores, of which just
over 3,000* have a pharmacy. In addition, Alliance Boots has around
605* optical practices, of which around 190* operate on a franchise
basis, and around 390* hearingcare practices. Our pharmaceutical
wholesale businesses deliver over 4.6 billion* units each year to
more than 170,000* pharmacies, doctors, health centres and
hospitals from over 370* distribution centres in 20* countries.
In June 2012, Alliance Boots announced that it had entered into
a strategic partnership with Walgreen Co., the largest drugstore
chain in the US, to create the first global pharmacy-led, health
and wellbeing enterprise.
* Figures are approximations as at 31 March 2013 and include
associates and joint ventures.
Walgreens Cautionary Note Regarding Forward-Looking Statements.
Statements in this release that are not historical, including,
without limitation, estimates of future financial and operating
performance, including the amounts and timing of future accretion
and synergies, are forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Words such as "expect," "likely," "outlook,"
"forecast, "would," "could," "should," "can," "will," "project,"
"intend," "plan," "goal," “target,” "continue," "sustain,"
"synergy," "on track," "believe," "seek," "estimate," "anticipate,"
"may," "possible," "assume," variations of such words and similar
expressions are intended to identify such forward-looking
statements. These forward-looking statements are not guarantees of
future performance and involve risks, assumptions and
uncertainties, including, but not limited to, those relating to our
commercial agreement with AmerisourceBergen, the arrangements and
transactions contemplated by our framework agreement with
AmerisourceBergen and Alliance Boots and their possible effects,
the Purchase and Option Agreement and other agreements relating to
our strategic partnership with Alliance Boots, the arrangements and
transactions contemplated thereby and their possible effects, the
parties' ability to realize anticipated synergies and achieve
anticipated financial results, the risks associated with
transitions in supply arrangements, the risks associated with
international business operations, the risks associated with
governance and control matters, whether the option to acquire the
remainder of the Alliance Boots equity interest will be exercised
and the financial ramifications thereof, the risks associated with
potential equity investments in AmerisourceBergen including whether
the warrants to invest in AmerisourceBergen will be exercised and
the financial ramifications thereof, changes in vendor, payer and
customer relationships and terms, changes in network participation,
levels of business with Express Scripts customers, the
implementation, operation and growth of our customer loyalty
program, changes in economic and market conditions, competition,
risks associated with new business areas and activities, risks
associated with acquisitions, joint ventures and strategic
investments, the ability to realize anticipated results from
capital expenditures and cost reduction initiatives, outcomes of
legal and regulatory matters, and changes in legislation or
regulations. These and other risks, assumptions and uncertainties
are described in Item 1A (Risk Factors) of Walgreen Co.’s most
recent Annual Report on Form 10-K, which is incorporated herein by
reference, and in other documents that Walgreens file or furnish
with the Securities and Exchange Commission. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially
from those indicated or anticipated by such forward-looking
statements. Accordingly, you are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date they are made. Except to the extent required by law,
Walgreens does not undertake, and expressly disclaims, any duty or
obligation to update publicly any forward-looking statement after
the initial distribution of this release, whether as a result of
new information, future events, changes in assumptions or
otherwise.
West Africa Gold (NASDAQ:WAGI)
Historical Stock Chart
From Jun 2024 to Jul 2024
West Africa Gold (NASDAQ:WAGI)
Historical Stock Chart
From Jul 2023 to Jul 2024