A few good articles in one of the big broadsheets today. Just a...

A few good articles in one of the big broadsheets today. Just a snip -

_{HMC late on Monday revealed it hadbought $14.3m worth of Sigma shares on-market, lifting its shareholding to morethan 167 million shares, valued at $117.4m at Tuesday’s share price of 70c.}

_{The purchases on two days lastweek at 71-72c per share come after an earlier equity swap transaction withMacquarie Bank on September 5 which lifted HMC’s stake from 8.69 per cent at theend of June to 13.94 per cent.}

_{Sigma Healthcare remains atakeover target since it bowed out of the race late last year to buy AustralianPharmaceutical Industries, which was eventually bought by Wesfarmers in March.}

_{Sigma pulled out of the race forAPI after its then-largest shareholder Allan Gray voiced opposition to theproposal, which was also opposed by Wesfarmers which had by then accumulated anear-20 per cent stake in API.}

_{Sigma shares have been performingwell this calendar year, gaining 40 per cent, and are not far off their12-month peak of 73.5c.}

_{HMC is not talking about therecent trades, but it’s understood that it would not be inclined to make atakeover move itself, regarding the investment as a strategic positioning.}

_{And with Chemist Warehouse ownersMario Verrocchi and Jack Gance also major shareholders in HMC we’re sure thecompany is being well advised on the fundamentals of the pharmacy business.}

^{There's another good article where Vikesh talks about his strategy as well, it's titled "Train your own:..."}