Sigma's valuation appeared rich when I last wrote on this back in December. It still is. Regulatory risk is now very apparent. I'd still be disinclined to get involved here.
What is covered in the Full Insight:
Sigma/Chemist Warehouse Merger: ACCC Concerns
Preliminary Issues Raised by the ACCC
Sigma's Response to the ACCC
Sigma's Recent Financial Performance
Sigma's Proposed Merger Terms
SUMMARY
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