Sigma Healthcare Limited has attempted to enter into a merger with pharmacy retailer Chemist Warehouse in a deal estimated to be worth more than $8.8 billion.
Chemist Warehouse will be acquired by Sigma Healthcare under the proposed merger deal. Picture: NCA NewsWire / Brenton Edwards Meanwhile, Chemist Warehouse Group owns and operates over 500 stores in Australia, including My Chemist and My Beauty Spot. The move could disadvantage independent and rival pharmacies who may face unfavourable terms and increased costs compared to Chemist Warehouse.
Sigma has said it expected the proposed merger to come under scrutiny due to the size and complexity of the deal. “The proposed transaction will ensure that Sigma, consistent with its regulatory obligations, can continue to serve franchisee and independent pharmacies alike.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ACCC says proposed Chemist Warehouse merger with Sigma Healthcare raises 'competition concerns'The Australian Competition and Consumer Commission says a proposed merger between pharmacy retail giant Chemist Warehouse and Sigma Healthcare raises 'competition concerns' in the country's pharmacy sector.
Source: abcnews - 🏆 5. / 83 Read more »
Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCCAustralia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Source: brisbanetimes - 🏆 13. / 67 Read more »
Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCCAustralia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Source: theage - 🏆 8. / 77 Read more »
Chemist Warehouse’s $8.8b merger could stifle competition, shut stores: ACCCAustralia’s competition watchdog has raised concerns that Chemist Warehouse’s planned merger with Sigma Healthcare into an $8.8 billion titan will hurt rivals in the pharmacy sector.
Source: smh - 🏆 6. / 80 Read more »
ACCC raises competition concerns over Chemist Warehouse mergerThe ACCC has warned a proposed acquisition between Sigma Healthcare and Chemist Warehouse could stifle competition within the nation&x27;s pharmacy sector.
Source: 9NewsAUS - 🏆 10. / 72 Read more »