Sigma's share has been boosted by the pharmaceutical contract with CWG. Pricing appears rich here. The ACCC approval may not be straightforward. I'm disinclined to get involved here.
Boomeranged on Wed, 13 Dec 2023 07:58
Sigma's shares resumed this morning after raising $178mn from institutional partners to support its merger with Chemist Warehouse – and are up 41% as type (~70% at the bell). Take-up by existing eligible institutional shareholders (incl. major shareholder HMC Capital) is 92%. The retail component of the offer to raise A$223mn, which is fully underwritten, opens on the 18 Dec and closes Jan 19.
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