WALGREENS TO SELL WHOLESALE DRUG BUSINESS

Walgreens Boots Alliance will sell its pharmaceutical wholesale business to AmerisourceBergen in a $ 6.5 billion cash and stock deal. Walgreens said Wednesday that the deal will allow it to focus more on expanding its core retail pharmacy business. Deerfield, Illinois- based Walgreens Boots Alliance Inc. runs more than 21,000 stores mainly in the United States and United Kingdom. AmerisourceBergen will pay nearly $ 6.3 billion in cash and 2 million shares of its common stock for Walgreens’ Alliance Healthcare business.