Walgreens Continues to Trim Investment in Drug Distributor Cencora
Wednesday, 22 May 2024, 19:40
Walgreens Reduces Stake in Drug Distributor Cencora
In a strategic move, Walgreens has announced another reduction in its stake in drug distributor Cencora, leading to a decline in the company's shares. This decision raises concerns among investors about the future partnership between the two entities, impacting market sentiment and influencing share prices. The continuous divestment by Walgreens indicates a shift in their investment strategy, potentially signaling broader changes in the pharmaceutical distribution industry.
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