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Sigma Healthcare Provides Update on API Proposal

13 Mar 2019  |  09:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Update on API proposal

Sigma Healthcare received a non-binding indicative proposal from Australian Pharmaceuticals Industries (API) to acquire all the shares in the Company, via a scheme of arrangement, for 0.31 API shares plus $0.23c in cash for each Company share held (API Proposal). It has completed and validated a major business transformation review that has identified cost efficiencies of over $100m that are deliverable by the Company as a standalone business over the next 18-24 months.

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