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Walgreen along with Alliance Boots GmbH announced a 10-year distribution agreement with AmerisourceBergen (ABC) beginning September 1.
FORBES: Quick Take
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AmerisourceBergen Corp. shares are currently trading up about 1.3% on the day.
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Trying to put more distance between AmerisourceBergen and rivals Cardinal Health (number two) and McKesson (number three), which have boosted margins by diversifying into medical devices and software.
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More specifically, Walgreen is partnering with Alliance Boots GmbH to source pharmaceutical products from AmerisourceBergen Corp. (ABC), in order to purchase a minority stake in the wholesaler.
FORBES: Walgreen Blast Off In Early Stages
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AmerisourceBergen is a pharmacy services provider and will distribute branded pharmaceutical products that Walgreen has historically distributed, and it will help Walgreen source and distribute generic drugs internationally potentially bringing both growth and better purchasing power with drug manufacturers.
FORBES: Quick Take
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Among the largest underlying components of VOT, in trading today Motorola Mobility Holdings Inc. ( NYSE: MMI) is trading flat, AmerisourceBergen Corp. ( NYSE: ABC) is up about 0.6%, and Cerner Corp. ( NASD: CERN) is lower by about 0.3%.
FORBES: VOT, MMI, ABC, CERN: Large Outflows Detected at ETF
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Among the largest underlying components of VOT, in trading today Amerisourcebergen Corporation ( NYSE: ABC) is down about 0.2%, Consol Energy Incorporated ( NYSE: CNX) is up about 0.1%, and Mylan Incorporated ( NASD: MYL) is lower by about 0.6%.
FORBES: VOT, ABC, CNX, MYL: ETF Outflow Alert