VANGUARD Group, manager of various mutual funds, has become an initial substantial holder in Sigma Healthcare, post the announcement of the pharma company's proposed merger with Chemist Warehouse Group (CWG).
The Vanguard Group now holds over 82k of shares and 5.025% of the voting power.
The proposed Sigma and Chemist Warehouse merger, if it goes ahead, would take place via a scheme of arrangement in exchange for Sigma shares and $700m cash consideration.
CWG shareholders would hold 85.75% and Sigma shareholders 14.25% of the merged group upon completion of the proposed merger (PD 11 Dec).
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