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AmerisourceBergen Corp (ABC.N)

ABC.N on New York Stock Exchange

88.24USD
6 Dec 2019
Change (% chg)

$0.42 (+0.48%)
Prev Close
$87.82
Open
$88.25
Day's High
$89.17
Day's Low
$87.92
Volume
207,136
Avg. Vol
336,063
52-wk High
$94.29
52-wk Low
$69.36

Latest Key Developments (Source: Significant Developments)

Federal Prosecutors Launch Criminal Probe Of Opioid Makers, Distributors - WSJ
Tuesday, 26 Nov 2019 

Nov 26 (Reuters) - :FEDERAL PROSECUTORS LAUNCH CRIMINAL PROBE OF OPIOID MAKERS, DISTRIBUTORS - WSJ, CITING SOURCES.  Full Article

AmerisourceBergen Says May Be Unable To Recover Amounts Owed from Diplomat Pharmacy
Wednesday, 20 Nov 2019 

Nov 19 (Reuters) - AmerisourceBergen Corp ::AMERISOURCEBERGEN - AS RESULT OF FOREGOING OF GOING CONCERN ASSESSMENT OF DIPLOMAT PHARMACY'S MANAGEMENT, MAY BE UNABLE TO RECOVER AMOUNTS OWED.AMERISOURCEBERGEN - AS OF NOV 15, TRADE RECEIVABLE BALANCE DUE FROM DIPLOMAT PHARMACY WAS ABOUT $109.6 MILLION, NONE OF WHICH WAS PAST DUE - SEC FILING.  Full Article

AmerisourceBergen Reports Q4 Earnings Per Share $0.63
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - AmerisourceBergen Corp ::AMERISOURCEBERGEN REPORTS FISCAL 2019 FOURTH QUARTER AND YEAR END RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.61.Q4 GAAP EARNINGS PER SHARE $0.63.Q4 EARNINGS PER SHARE ESTIMATE $1.58 -- REFINITIV IBES DATA.REVENUES OF $45.6 BILLION FOR Q4, A 5.4 PERCENT INCREASE.RECORDED AN AFTER-TAX CHARGE OF $50.9 MILLION IN QUARTER RELATED TO OPIOID LITIGATION WITH TWO OHIO COUNTIES.AMERISOURCEBERGEN - ENGAGED IN DISCUSSIONS THAT INCLUDE 4 AG'S, REGARDING TERMS OF POTENTIAL FRAMEWORK FOR A GLOBAL RESOLUTION OF OPIOID LITIGATION.AMERISOURCEBERGEN - HAS NOT RECOGNIZED LIABILITY RELATED TO POTENTIAL FRAMEWORK FOR RESOLUTION OF MULTI-DISTRICT OPIOID LITIGATION AS OF SEPT. 30.RECORDS A LIABILITY WHEN IT IS PROBABLE THAT A LOSS HAS BEEN INCURRED AND AMOUNT IS REASONABLY ESTIMABLE.2020 ADJUSTED. GUIDANCE REFLECTS GROWTH IN PHARMACEUTICAL DISTRIBUTION SERVICES.2020 ADJUSTED. GUIDANCE REFLECTS GROWTH IN BUSINESSES FOCUSED ON GLOBAL COMMERCIALIZATION SERVICES & ANIMAL HEALTH.SEES FY ADJUSTED. REVENUE GROWTH IN MID- TO HIGH-SINGLE DIGIT PERCENT RANGE.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $7.30 TO $7.60.SEES FY CAPITAL EXPENDITURES IN $400 MILLION RANGE.SEES FY ADJUSTED FREE CASH FLOW TO BE ABOUT $1.5 BILLION.FY2020 EARNINGS PER SHARE VIEW $7.58, REVENUE VIEW $188.00 BILLION -- REFINITIV IBES DATA.Q4 REVENUE VIEW $45.20 BILLION -- REFINITIV IBES DATA.  Full Article

Ups Collaborates With AmerisourceBergen To Transport Medical Products Via Drone At Multiple U.S. Hospital Systems
Tuesday, 22 Oct 2019 

Oct 21 (Reuters) - United Parcel Service Inc ::UPS COLLABORATES WITH AMERISOURCEBERGEN TO TRANSPORT MEDICAL PRODUCTS VIA DRONE AT MULTIPLE U.S. HOSPITAL SYSTEMS.UPS - ANNOUNCED DRONE LOGISTICS PARTNERSHIP WITH AMERISOURCEBERGEN.  Full Article

McKesson, AmerisourceBergen, Cardinal Health Reach Settlement With Ohio Counties In Opioids Case
Monday, 21 Oct 2019 

Oct 21 (Reuters) - McKesson Corp ::DISTRIBUTORS REACH SETTLEMENT WITH OHIO COUNTIES IN OPIOIDS CASE.MCKESSON - CO, AMERISOURCEBERGEN, CARDINAL HEALTH ANNOUNCED THAT THEY HAVE AGREED TO A $215 MILLION SETTLEMENT WITH TWO OHIO COUNTIES.MCKESSON - CO, AMERISOURCEBERGEN, CARDINAL HEALTH "STRONGLY DISPUTE" ALLEGATIONS MADE BY TWO OHIO COUNTIES, CUYAHOGA AND SUMMIT.  Full Article

Teva, Mckesson, Cardinal Health, Amerisourcebergen reach opioid settlement for $260 mln - plaintiff lawyer
Monday, 21 Oct 2019 

Oct 21 (Reuters) - McKesson Corp ::TEVA PHARMACEUTICAL INDUSTRIES, MCKESSON CORP, CARDINAL HEALTH, AMERISOURCEBERGEN REACH OPIOID SETTLEMENT FOR $260 MILLION - PLAINTIFF LAWYER.  Full Article

Ohio Counties, Drug Firms Reach $260 mln Settlement In Opioid Epidemic Case - Wapo
Monday, 21 Oct 2019 

Oct 21 (Reuters) - :OHIO COUNTIES, DRUG FIRMS REACH $260 MILLION SETTLEMENT IN OPIOID EPIDEMIC CASE, AVERTING TRIAL - WAPO.  Full Article

U.S. Drug Companies Pursuing $50 Bln Settlement Of Opioid Cases- NYT
Thursday, 17 Oct 2019 

Oct 16 (Reuters) - :U.S. DRUG COMPANIES PURSUING $50 BILLION SETTLEMENT OF OPIOID CASES - NYT.  Full Article

Three Drug Distributors In Talks To Settle Opioid Litigation For $18 Bln- WSJ
Wednesday, 16 Oct 2019 

Oct 15 (Reuters) - :THREE DRUG DISTRIBUTORS IN TALKS TO SETTLE OPIOID LITIGATION FOR $18 BILLION - WSJ CITING SOURCES.MCKESSON, AMERISOURCEBERGEN, CARDINAL HEALTH DISCUSSING TO SETTLE OPIOID LITIGATION WITH STATE, LOCAL GOVERNMENTS - WSJ.JOHNSON & JOHNSON ALSO INVOLVED IN OPIOID LITIGATION SETTLEMENT TALKS TO CONTRIBUTE ADDITIONAL MONEY - WSJ CITING SOURCES.  Full Article

Amerisourcebergen - Co, Its Certain Units Entered Into Eighth Amendment And Restatement Agreement - SEC Filing
Tuesday, 24 Sep 2019 

Sept 23 (Reuters) - AmerisourceBergen Corp ::AMERISOURCEBERGEN SAYS ON SEPT 18, CO AND ITS CERTAIN UNITS ENTERED INTO EIGHTH AMENDMENT AND RESTATEMENT AGREEMENT - SEC FILING.AMERISOURCEBERGEN CORP - EIGHTH AMENDMENT AND RESTATEMENT AGREEMENT TO AMEND AND RESTATE CREDIT AGREEMENT, DATED AS OF MARCH 18, 2011.AMERISOURCEBERGEN CORP - PURSUANT TO MULTI-CURRENCY REVOLVING CREDIT FACILITY, COMPANY MAY BORROW UP TO $1.4 BILLION.AMERISOURCEBERGEN CORP - MULTI-CURRENCY REVOLVING CREDIT FACILITY WAS AMENDED TO EXTEND MATURITY DATE OF FACILITY TO SEPTEMBER 18, 2024.  Full Article

Three drug distributors in talks to settle opioid litigation for $18 billion - WSJ

Three drug distributors are in talks with state and local governments to settle thousands of opioid lawsuits for $18 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the discussions.