Reported about 9 hours ago
Ownership Matters, a proxy advisory firm, has recommended that Sigma Healthcare shareholders vote in favor of Chemist Warehouse's reverse takeover valued at $5.8 billion. The shareholder meeting is scheduled for January 29, 2025, to approve the deal where Chemist Warehouse will acquire Sigma Healthcare through stock and A$700 million in cash, securing an 85% stake in the new entity. This merger follows the Australian competition regulator's clearance after necessary concessions were made, and Sigma's shares have surged over 300% since the announcement.
Source: YAHOO