Dec 14 (Reuters) - Drug distributor Australian Pharmaceutical Industries (API) (API) on Friday said it had offered about A$727 million ($524.9 million) to buy all of peer Sigma Healthcare Ltd (SIG) , of which it already owned nearly 13 percent.
The proposal equated to A$0.686 per Sigma share and API shareholders would own about 63 percent of the combined entity if the cash-and-stock deal succeeded, API said in a statement.
The terms of the proposal were made to Sigma's board on Oct. 11.
($1 = 1.3850 Australian dollars)
News: SIG Australian Pharmaceutical Industries offers to buy Sigma Healthcare
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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 |
