March 13 (Reuters) - Australian pharmacy operator Sigma Healthcare Ltd's (SIG) board on Wednesday said the takeover bid from Australian Pharmaceutical Industries Ltd (API) was not in the best interests of shareholders.
Having recently completed a detailed assessment of the proposal, Sigma's board said in a statement that there was scope for standalone value to shareholders through the cost-cutting measures it had outlined earlier.
Sigma Chairman Brian Jamieson said “the current API proposal does not reflect the long-term prospects and value inherent in Sigma having regard to the reset cost base of the business and our own growth agenda."
News: SIG Australia's Sigma Healthcare board admonishes API takeover bid
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SIG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.78 |
Change
0.080(2.96%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.93 | $2.74 | $37.80M | 13.25M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 167207 | $2.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 246261 | 9 |
View Market Depth
| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
