In an announcement today by Alliance Boots GmbH and Walgreens Company, it disclosed that they have received the necessary regulatory clearances for their equity investment in AmerisourceBergen Corporation, one of the biggest pharmaceutical companies in North America. Alliance Boots is world known pharmacy-led health and beauty group while Walgreens Co. is the biggest chain of retail drugstores in United States. Alliance Boots and Walgreens also disclosed that they have been given the right to acquire a minority equity position in AmerisourceBergen as a fraction of an ever expanding long term contract on the 19th of March 2013.
According to the regulatory clearance, it grants permission to both companies to acquire up to 7% of the fully diluted equity table of AmerisourceBergen and the practice of two warrants for 16% in the collective of the fully diluted equity of AmerisourceBergen in the years 2016 and 2017. In addition, it also grants permission to both companies to invest in AmerisourceBergen up to 25% collectively, including the result of AmerisourceBergen's on repurchases of stocks it engages in occasionally.
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