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Stock Market & Financial Investment News

News Breaks
January 19, 2011
07:25 EDTWAG, WAG, WAG, WAG, WAGWalgreen management to meet with BB&T
Meetings to be held in San Francisco on January 25 and in Los Angeles on January 26 hosted by BB&T.
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May 17, 2013
12:33 EDTWAGAmerisourceBergen receives approval of Walgreens, Alliance Boots investment
AmerisourceBergen (ABC) announced that the parties have received regulatory approval of the previously disclosed agreement for Walgreen (WAG) and Alliance Boots GmbH to purchase an equity stake in the company. AmerisourceBergen continues to expect the new agreements to contribute an incremental $25B in revenues and approximately 20c in earnings per share in FY14, excluding the amortization of certain expenses related to the transaction and the warrants issued, certain non-recurring costs and a potential LIFO charge, and net of certain start up expenses. In addition, the company reiterated its expectations for financial performance for fiscal year 2013, which includes expected revenue growth in the 11%-13% range, and diluted earnings per share from continuing operations in the lower half of the range of $3.04 to $3.14, excluding certain expenses related to the relationship with Walgreens and Alliance Boots and the warrants issued, and the expected LIFO charge from onboarding of additional branded inventory.
May 13, 2013
08:32 EDTWAGWalgreens extends CVS Caremark network provider agreement
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