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    SIG   AU000000SIG5

SIGMA HEALTHCARE LIMITED

(SIG)
  Report
Delayed Quote. Delayed Australian Stock Exchange - 01/28 12:10:10 am
0.44 AUD   --.--%
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Sigma Healthcare Says Won't Proceed With Current Takeover Proposal for API

11/04/2021 | 06:37pm EST

By Rhiannon Hoyle

Sigma Healthcare Ltd. said it won't proceed with its 773.5 million Australian dollar (US$573 million) proposal to acquire Australian Pharmaceutical Industries Ltd.

Sigma was competing with Wesfarmers Ltd. to acquire drug retailer and wholesaler API, having in September lodged a proposal that API initially said looked more favorable than the Wesfarmers offer even though it would take longer to implement.

Sigma's directors still think the takeover plan for API is "a very strong proposal for all stakeholders," the company said in a statement.

"However, after further assessment, and in the context of the competitive bid process with its changing transaction and economic considerations, Sigma has made the decision not to proceed with this current proposal," said Chairman Ray Gunston.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

11-04-21 1936ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN PHARMACEUTICAL INDUSTRIES LIMITED 2.34% 1.53 Delayed Quote.-13.58%
SIGMA HEALTHCARE LIMITED 0.00% 0.44 Delayed Quote.-8.33%
WESFARMERS LIMITED 4.21% 52.74 Delayed Quote.-14.65%
All news about SIGMA HEALTHCARE LIMITED
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01/06SIGMA HEALTHCARE : Appendix 3G
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Financials
Sales 2022 3 418 M 2 391 M 2 391 M
Net income 2022 -12,6 M -8,79 M -8,79 M
Net Debt 2022 71,8 M 50,3 M 50,3 M
P/E ratio 2022 -39,1x
Yield 2022 4,22%
Capitalization 435 M 307 M 304 M
EV / Sales 2022 0,15x
EV / Sales 2023 0,15x
Nbr of Employees 1 900
Free-Float 87,9%
Chart SIGMA HEALTHCARE LIMITED
Duration : Period :
Sigma Healthcare Limited Technical Analysis Chart | SIG | AU000000SIG5 | MarketScreener
Technical analysis trends SIGMA HEALTHCARE LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 0,44 AUD
Average target price 0,53 AUD
Spread / Average Target 19,8%
EPS Revisions
Managers and Directors
Raymond Mark Gunston Chairman & Chief Executive Officer
Jeffery Sells Chief Financial Officer
Martin Hawkins Chief Information Officer
Richard Church Executive General Manager-Operations
Kathryn Dianne Spargo Independent Non-Executive Director