THE ACCC is currently seeking industry feedback on the proposed mega-merger between Chemist Warehouse and Sigma Pharmaceuticals (PD 11 Dec 2023) as part of an "informal merger review" launched earlier this month.
The merger will see Sigma acquire all the shares in Chemist Warehouse in exchange for Sigma shares and a $700 million cash consideration, with Chemist Warehouse shareholders to hold 85.75% of the ASX-listed merged entity while Sigma shareholders will hold 14.25%.
Interested parties can make a submission to the ACCC to SigmaCWG@accc.gov.au with the title 'Submission re: Sigma/Chemist Warehouse - attention Isobel Graham' by 4pm, 28 Mar.
Alternatively, retail pharmacies can have their say on the merger via a short survey here.
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