The Company determines the timing
and amount of repurchases from time to time based on its assessment of various factors including prevailing market conditions,
alternate uses of capital,
liquidity,
the economic environment
and other factors.
The Company anticipates that the pace of any future share repurchase activity will continue to be significantly curtailed from the levels achieved in fiscal 2012
And 2011 due to the debt levels incurred for the investment in Alliance Boots.
The timing and amount of these purchases may change at any time and from time to time.
The Company has and may from time to time in the future repurchase shares on the open market through Rule 10b5-1 plans,
which enable a company to repurchase shares at times when it otherwise might be precluded from doing so under insider trading laws.