(Adds details)
Dec 11 (Reuters) - Australia's Sigma Healthcare (SIG) on Monday said it would merge with Chemist Warehouse Group to create a company with a market capitalisation of more than A$8.8 billion ($5.79 billion).
Chemist Warehouse will own 85.8% of the merged company post completion, Sigma said.
The proposed merger will create cost synergies initially estimated at about A$60 million per annum, expected to be realized four years post completion.
Sigma is also undertaking an entitlement offer to raise about A$400 million to provide the working capital required to implement a supply contract with Chemist Warehouse starting July 1, 2024, among others.
($1 = 1.5209 Australian dollars)
News: SIG UPDATE 1-Sigma Healthcare to merge with Chemist Warehouse to create $5.8 bln health giant
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$3.02 |
Change
-0.025(0.82%) |
Mkt cap ! $34.86B | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.07 | $3.01 | $20.71M | 6.819M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 127822 | $3.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.02 | 215118 | 80 |
View Market Depth
| Last trade - 14.40pm 09/09/2025 (20 minute delay) ? |
| SIG (ASX) Chart |