Sigma extension

June 29, 2010

SIGMA Pharmaceuticals agreed to extend the exclusivity period granted to suitor Aspen Pharmacare regarding a possible takeover of the company. Late on Friday afternoon Sigma said that the original agreement gave the South African company “limited exclusivity” for four weeks, and now in response to a request from Aspen Sigma has agreed to extend the exclusivity period to 05 July “to enable Aspen to complete its due diligence review”. Sigma once again recommended that shareholders take no action at this time, saying “the due diligence process being undertaken by Aspen may or may not result in a formal proposal or a recommendation by the Board.”

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Pharmacy Daily | Sigma extension

Sigma extension

Other recent headlines

PD breaking news – Pharmacists to administer NIP vaccinations in aged care

PD breaking news – Top Western Australian talent honoured

Legal action for Montu

SEARCH PHARMACY DAILY

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Recent issues

INDUSTRY JOB VACANCIES