aspen press release

Link and extract from press release below....

Can anyone shed any light on the article? It looks like old news to me......but it is dated on Friday just gone...!!

http://www.prlog.org/11511064-australian-ventures-the-pharmaceutical-industry.html

FOR IMMEDIATE RELEASE
PRLog (Press Release) ? May 27, 2011 ? Durban-based Aspen Pharmacare said on Friday last week that it would acquire troubled Australian drug maker Sigma Pharmaceuticals for $570-million to bolster its presence in the fast-growing generic drug market. Sigma, the largest player in Australia?s generic drug industry, has recently been plagued with difficulty after the resignations of three top executives following a record loss in March, triggering a plunge in the stock price, which halved in a single day. . Aspen, Africa?s largest pharmaceutical firm, is one of the world?s top 20 manufacturers of generic drugs and has had a presence in Australia since 2001. Aspen, however, said this week that it would lower its takeover offer for Melbourne-based Sigma Pharmaceuticals after completing a review of the Australian drug distributor?s accounts. A reduced bid also followed talks with Sigma management on the business. Sigma shares have remained below Aspen?s indicative offer of A$0.60 per share, which includes Aspen taking over Sigma?s net debt of A$785-million. From Aspen?s point of view, the situation is fraught with danger. On the one hand it might be picking up a bargain. But on the other hand, it might become the next South African company that takes over a loss-making business, which then stubbornly continues making a loss. Even at the indicative price, Aspen will be paying less than the company?s debt, which suggests either that they are getting a very good price or that the company had too much debt on its balance sheet in the first place.