Reported 1 day ago
Shareholders of Australia's Sigma Healthcare have overwhelmingly approved a merger with Chemist Warehouse, creating a pharmacy and retail giant valued at A$8.8 billion ($5.5 billion). The deal, which received over 99% approval, allows Chemist Warehouse to bypass a traditional IPO amidst market volatility, giving it an 85.8% stake in the merged entity and enabling Sigma to strengthen its positioning within the healthcare sector.
Source: YAHOO