SIP sigma pharmaceuticals limited

announcement 6.7.10

  1. 120 Posts.


    ASX ANNOUNCEMENT
    Conclusion of Aspen Pharmacare exclusivity period
    On 31 May 2010, Sigma announced that it had entered into a confidentiality agreement with
    Aspen Pharmacare Holdings Limited (�Aspen�) pursuant to which Aspen would be provided
    with due diligence information on Sigma.
    As part of that agreement, Aspen was granted limited exclusivity by Sigma for four weeks. On
    25 June 2010, Sigma announced that it had agreed to extend the exclusivity period until 5 July
    2010. Sigma confirms that the exclusivity period has now concluded.
    Aspen has advised Sigma that it wishes to continue its due diligence review. Aspen has not
    made any formal proposal to Sigma and Sigma continues to recommend that shareholders
    take no action at this time. The due diligence process being undertaken by Aspen may or may
    not result in a formal proposal or a recommendation by the Board.
    Sigma is continuing the previously foreshadowed asset sale program and will consider other
    opportunities that may enable it to improve shareholder value.
    Sue Morgan-Dethick
    General Counsel & Company Secretary
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.