Cencora Buys Back Shares to Boost Shareholder Value

Cencora (COR) has released an update to notify the public and investors about an entry into a material definitive agreement.

Cencora, Inc. recently bought back 212,395 shares of its common stock from Walgreens Boots Alliance Holdings LLC for about $50 million, a transaction completed on February 9, 2024. The repurchase price was set at the same rate Walgreens had sold its shares earlier. These shares are now part of the company’s treasury, as part of Cencora’s ongoing share repurchase initiative to enhance shareholder value.

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For a comprehensive understanding of the announcement, you can read the full document here.