Jan 23 (Reuters) - Australian Pharmaceutical Industries (API) (API) expects to sign a deal to commence due diligence in its takeover bid for Sigma Healthcare (SIG) , the drug distributor's chairman said on Wednesday.
In early December, API had offered to buy Sigma for A$727 million ($518.57 million), where shareholders of the pharmacy operator would receive 0.31 API shares and A$0.23 cash for each of their shares.
"We anticipate signing a non-disclosure agreement shortly that will then allow a due diligence process to commence," Chairman Mark Smith said. ($1 = 1.4019 Australian dollars)
News: SIG Australian Pharmaceutical Industries expects to begin due diligence in Sigma takeover bid
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Last
$2.55 |
Change
0.130(5.37%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.60 | $2.44 | $22.48M | 8.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 750621 | $2.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.55 | 47908 | 2 |
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| SIG (ASX) Chart |
