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Walgreens tipped to acquire AmerisourceBergen in US$20bn deal

Walgreens stock was down 1.65% whereas AmerisourceBergen climbed 13.5% in premarket deals
representing acquisitions and mergers
Takeover talks are said to have taken place for several weeks

Walgreens Boots Alliance Inc (NASDAQ:WBA) and AmerisourceBergen Corp (NYSE:ABC) stocks were moving in Tuesday’s premarket deals following reports that a potential US$20bn deal is afoot.

Talks are underway which could see Walgreens acquire the pharmaceuticals distributor, according to a Wall Street Journal report.

READ: Walgreens Boots Alliance estimates benefit of US$200mln for fiscal 2018 from US tax reform bill

Changing hands at US$67.33, Walgreens stock was down 1.65% whereas AmerisourceBergen climbed 13.5% to trade at US$101.5p.

The talks have reportedly been taking place for several weeks and Walgreens already owns 26% of Amerisource.

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