Walgreen Boots Stock Price, News & Analysis

Walgreens is launching mobile clinics in Chicago and other locations to provide COVID-19 vaccinations to underserved communities. Following the success of over 700 vaccination clinics, the initiative aims to overcome access barriers. To date, Walgreens has administered more than 15 million vaccines and will offer same-day appointments starting May 5. The company partners with over 100 employers to enhance vaccination efforts and ensure availability of Pfizer, Moderna, and Johnson & Johnson vaccines. Walgreens continues to play a vital role in community health accessibility.

Walgreens Boots Alliance (Nasdaq: WBA) has launched a cash tender offer for up to $3.3 billion of certain senior notes. The offer includes key notes with varying acceptance priority levels. Notably, the 4.100% Notes due 2050 and the 3.100% Notes due 2022 have set tender caps of $200 million and $500 million, respectively. Holders of notes who tender before the April 22, 2021 deadline will receive a total consideration based on reference yields plus a premium. The settlement date for early tenders is expected on April 26, 2021. The offer will expire on May 7, 2021.

Walgreens Boots Alliance (WBA) has announced the results of its amended cash tender offer, increasing the Maximum Tender Amount from $2.75 billion to $3.3 billion. Approximately $3.7 billion of senior notes were validly tendered by the early tender deadline of April 22, 2021. The tender offer includes several series of notes, with priority levels for acceptance. The total consideration for accepted notes will be disclosed following the price determination date of April 23, 2021. The settlement date for early tendered notes is expected by April 26, 2021.

Walgreens Boots Alliance (Nasdaq: WBA) has declared a quarterly dividend of 46.75 cents per share, consistent with the prior quarter and up 2.2% from the previous year. This dividend will be payable on June 11, 2021, to stockholders on record as of May 21, 2021. Notably, WBA has maintained dividend payments for 354 consecutive quarters and has increased dividends for 45 consecutive years, showcasing its commitment to returning value to shareholders.

Walgreens has partnered with Abbott to offer the BinaxNOW™ Rapid Antigen Self Test for COVID-19 in stores and online for $23.99. This agreement aims to improve access to COVID-19 testing nationwide as vaccines become more available. Walgreens will enhance its testing capacity with 6,000 drive-thru sites, including rapid testing options. The self-test, approved by the FDA for home use, allows users to check results in just 15 minutes and can be used by children as young as two. This initiative is part of Walgreens' commitment to public health amid the ongoing pandemic.

On April 12, 2021, PayPal (PYPL), Uber (UBER), and Walgreens (WBA) launched the Vaccine Access Fund, aimed at helping underserved communities access COVID-19 vaccinations. The coalition is contributing $11 million to cover free rides to vaccination sites. Customers can also donate directly through the Uber app. The initiative addresses transportation barriers, especially in communities hit hardest by the pandemic. Funds will be managed by the Local Initiatives Support Corporation (LISC) to enhance health equity.

Walgreens is actively administering COVID-19 vaccines across 49 states, D.C., and Puerto Rico, with over 60,000 immunizers at 7,000 locations. The company has delivered more than 11 million vaccinations, focusing on underserved communities through numerous off-site clinics. As of now, supply is limited and appointments are required, with eligibility varying by state. Walgreens is collaborating with various partners to enhance access, particularly in areas hit hardest by the pandemic. More information is available on their website.

Walgreens Boots Alliance (Nasdaq: WBA) has initiated cash tender offers for up to $2.75 billion in senior notes. The offers include various fixed-rate notes due between 2022 and 2050, with acceptance priority levels and early tender premiums detailed. The tender offer expires at midnight on May 7, 2021, with an early deadline for withdrawals set for April 22, 2021. Payment will include accrued interest, and the company reserves rights to amend terms. Wells Fargo Securities, BofA Securities, HSBC, and J.P. Morgan are managing the offers.

Walgreens has launched the Digital Red Nose for the seventh consecutive year as part of Red Nose Day, which aims to combat child poverty, exacerbated by the pandemic. This initiative allows donations through Walgreens.com until May 31, unlocking a special filter for social media sharing. All donations go towards helping underserved children through various programs, including health care and education. Since 2015, Walgreens has contributed over $240 million to fight child poverty, emphasizing community support and urging customers to participate in this campaign.