makes no sense people buying like crazy at these levels. market cap they are paying is actually $16BN fully diluted as a heap of shares are unlisted by the private founders. $16BN is close to COL market cap which is a much bigger company.
That proposal would result in Chemist Warehouse shareholders holding 85.75 per cent of the merged company on the ASX, with Sigma shareholders owning the remaining 14.25 per cent — and Chemist Warehouse becoming a publicly listed company.
sigma own only 1:6 ratio. so the market cap needs to be multiplied by six if it completes and on settlement of the merger. people are not understanding fully diluted meaning and are paying over the top.
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