Allocates of Walgreens Boots Alliance and AmerisourceBergen slid after CNBC shot deal talks have cooled and that a takeover looks doubtful.
Sources told CNBC that Walgreens Chief Executive Stefano Pessina and Amerisource Chief President Steven Collis met to discuss a potential tie-up, but those early-stage enquiries ended without an agreement.
The sources, who cautioned the deal talks could before you can turn around again resume, declined to be named because the information is confidential.
Allotments of Walgreens fell nearly 3 percent on the news, while Amerisource’s father tumbled nearly 6 percent.
When The Wall Street Journal from the word go reported earlier this month that Walgreens had made a takeover near to Amerisource, the drug distributor’s stock surged about 25 percent. The explore had cautioned that a formal offer hadn’t yet been made and that a sell might not materialize.
Walgreens already owns a roughly 26 percent stake in Amerisource.