"Sigma’s Board of Directors believe the Proposed Merger represents a significant and compelling opportunity which is expected to create material value for Sigma stakeholders. The Proposed Merger is subject to a number of conditions including ACCC approval, and CWG and Sigma shareholder approvals. Sigma submitted its submission to the ACCC in February 2024, and on 8 March 2024 the ACCC commenced a public consultation process. “This is a significant and complex transaction which will require a detailed review by the regulator. There will be community interest and a wide consultation process which adds to the complexity of predicting timeframes. We are hopeful of a decision from the ACCC in the second half of the calendar year, which will precede a number of other steps required to reach completion,” Mr Ramsunder said."
SIG Price at posting:
$1.22 Sentiment: Buy Disclosure: Held
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