Sigma Pharmaceuticals Ltd (ASX:SIG) is a pharmacy distribution business and the name behind Amcal, Chemist King, Discount Drug Stores, Guardian and PharmaSave. In 2018, Sigma announced it would lose its contract to supply Chemist Warehouse. However, it remains a multi-million dollar company with chemists dotted throughout the country.
The S&P/ASX 200 (INDEXASX:XJO) managed to eke out a tiny gain on Monday as Bapcor (ASX:BAP) and BNPL shares like Zip (ASX:Z1P) made headlines.
The Sigma Healthcare Ltd (ASX: SIG) share price has sunk into the red today after the business downgraded profit expectations.
The Wesfarmers (ASX: WES) and Woolworths (ASX: WOW) rivalry has been reignited today after Woolworths lobbed a $1.75 per share offer for Australian Pharmaceutical (ASX: API).
Australian Pharmaceutical Industries Ltd (ASX: API) is set to be taken over Wesfarmers Ltd (ASX: WES) after a Scheme of Implementation was signed.
The Wesfarmers (ASX:WES) share price rose by 2% today as it’s in prime position to take over Australian Pharmaceutical Industries (ASX:API).
Takeover target Australian Pharmaceutical Industries Ltd (ASX: API) share price is up marginally after the company upgraded profit guidance.
The battle for Australian Pharmaceutical (ASX: API) is heating up as Wesfarmers (ASX: WES) nab 19% stake in the local pharmacy chain.
The S&P/ASX 200 (ASX:XJO) posted a strong opening to the week on Monday. Wesfarmers (ASX:WES) and ASX travel shares are making headlines.
Australian Pharmaceutical Industries (ASX:API) share price up on Sigma Healthcare Ltd (ASX:SIG) versus Wesfarmers Ltd (ASX:WES) takeover bid.
