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.