The Traderszone Network

Published in TZ Latest News 21 September, 2015 by The TZ Newswire Staff

Drug distributor AmeriSourceBergen authorizes $2.4 billion share buyback

AmeriSourceBergen, which has already bought back $650 million of shares in 2014 and $1 billion of shares since April this year, said the new buyback programme will not have an impact on its profit forecast for fiscal year 2015 and 2016. The company had issued the warrants to Walgreens Boots Alliance as part of a 10-year pharmaceutical distribution deal.