Sigma and Chemist Warehouse deal announced

Chemist Warehouse Group will merge with pharmacy wholesaler Sigma Healthcare, the merger will make it one of the biggest companies listed on the ASX.

Sigma Healthcare made the announcement on Monday, December 11, announcing its intentions to acquire the Chemist Warehouse Group.

After the merger, Chemist Warehouse shareholders will own 85.75 per cent of the combined group.

The competition regulators Australian Consumer and Competition Commission (ACCC) and New Zealand Overseas Investment Office will need to approve the merger.

Shareholders from both groups will also vote to approve the deal, there have been indications from both shareholder groups that they are in favour of the deal.

 

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