Is the Boots/Walgeen Alliance still interested in the Australian Pharmacy market. It was hinted in 2016 when the alliance was set up that they were set to make their move. Boots have had a long term interest in getting into Australia and now could be the right time to strike by acquiring Sigma and setting up Boots and Walgreen franchise stores to compete with the strong Chemist Warehouse, Priceline and Terry White Groups.
Sigma's group brands and stores layouts are tired.
APIs move on Sigma may have been in part have also been a defensive move to make it harder for such a powerful international company to acquire a foothold here.
Would make a lot of sense for the Sigma Board to be open to such a deal.
Ann: API: Market update on API-Sigma merger proposal, page-24
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