The Telegram (St. John's)

Amerisourc­e shares jump on Walgreens buyout report

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NEW YORK - Shares of Amerisourc­ebergen soared Tuesday on reports that Walgreens is pursuing a complete takeover of the huge drug distributo­r. The Wall Street Journal reported late Monday that Walgreens Boots Alliance Inc. reached out to Amerisourc­ebergen Corp. about a potential deal several weeks ago.

The paper, citing anonymous sources, said no offer is on the table.

Walgreens already owns about 26 per cent of the company, according to data provider Factset.

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