Ann: Unsolicited, Non-binding, Conditional Proposal from Sigma, page-17

With the SIG offer we are still attached to growth once lockdown are over.

SIG price is depressed same as API coz of lockdowns.

There is min of 20% upside to SIG shares with or without API once Australia opens up.

API has growth opportunity with opening and clearskincare has massive potential same as laser clinics.

I would go with SIG