Sigma speculation

August 12, 2010

SIGMA Pharmaceuticals today issued a statement contradicting media speculation that its South African suitor Aspen Pharmacare had made an unconditional takeover bid of 65c per share. Sigma’s shares leapt 12% to 50.5c this morning, after a story on the Sydney Morning Herald’s website mentioned that Aspen “may have tired of the lengthy due diligence and negotiation process with the Sigma board and [is] keen to force out a decision from directors and put the offer to long suffering shareholders.” Sigma said the rumours were incorrect, saying it’s continuing its discussions with Aspen as per previous announcements (PD 07 Jul). “As was previously advised, Sigma continues to consider other business and financial structures to take the Group forward, including a number of potential asset sales,” Sigma said.

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Pharmacy Daily | Sigma speculation

Sigma speculation

Other recent headlines

CW raises $2m for charity

TWC caps off its continuous learning

AdPha seeks pay reforms

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES