Sigma slashing

September 17, 2010

THE $220-$270 million writedown of the carrying value of Sigma Pharmaceuticals’ manufacturing division which is proposed to be sold to Aspen Pharmacare (PD yesterday) reportedly has some shareholders wondering if the company should have accepted the initial Aspen bid of 55c per share for the whole company. Today’s Financial Review cites some investors saying they expect a 40c per share capital return, which may be difficult given the scope of the proposed writedown. The story also says that Pulse Pharmacy, one of Sigma’s biggest customers, is “coming under growing financial and operational pressure from its major lender, National Australia Bank”.

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Pharmacy DailyPharmacy Daily | Sigma slashing

Sigma slashing

Other recent headlines

Prescribing endorsement consultation opens

Call for embedded rural pharmacist pilot

MTick: Behind the menopause ‘one-stop shop’

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES