AmerisourceBergen Corporation Buyback
OLI recorded this information on 9/21/2015
Company:
AmerisourceBergen Corporation
Buyback:
ABC buyback
$Amount Authorized:
$2,400,000,000
Buyback Details:
AmerisourceBergen Corporation (NYSE:ABC) today announced that its Board of Directors has authorized a special $2.4 billion share repurchase program intended to further enable the execution of the Company's previously announced warrant hedging strategy. The new special program will be used to further mitigate the dilutive effect on the ownership interests of stockholders that may result from the issuance of common stock upon exercise of the warrants issued in March 2013.
AmerisourceBergen is a pharmaceutical sourcing and distribution services company. Co. is organized based upon the products and services it provides to its customers. Co.'s segment are: U.S. Healthcare Solutions, which distributes a provision of brand-name, specialty brand-name and generic pharmaceuticals, over-the-counter healthcare products, home healthcare supplies and equipment, and related services to a variety of healthcare providers; and International Healthcare Solutions, which distributes pharmaceuticals, other healthcare products, and related services to healthcare providers as well as engages in specialty transportation and logistics provider for the biopharmaceutical industry.
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Strong Buy (3.50 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: ABC Stock Forecast Based on Zacks ABR data; powered by Xignite |