Walgreens Sells Another Stake In Distributor Cencora For $1.1 Billion

1. Walgreens raised $1.1 billion through Cencora share sale for debt and corporate purposes. 2. Their stake in Cencora decreased from 12% to 10%, but partnership remains strong. 3. Walgreens is evaluating closing 25% of underperforming U.S. stores for optimization. 4. Previous stock sales in Cencora raised over $1.3 billion this year. 5. CEO Tim Wentworth is focusing on improving the company's financial performance.