The board of directors post merger. Sigma would buy all of the shares in Chemist Warehouse, with Mr Verrocchi, Mr Gance and his brother, Sam Gance, together holding 49% of the larger group. They will all hold their shares in escrow, stopping those shares from being traded until later in 2026.
Dec 11, 2023
People also ask
Who is Chemist Warehouse owned by?
Jack Gance (pictured) started the Chemist Warehouse pharmacy business with Mario Verrocchi in 1995 with five pharmacies. Today it has annual revenue of more than A$3 billion and over 600 outlets across Australia, New Zealand, China and Ireland.
Who is taking over Chemist Warehouse?
While the application to the ACCC is a transaction where Sigma is acquiring Chemist Warehouse, this transaction is in effect a 'reverse acquisition' of Sigma by Chemist Warehouse, resulting in ASX listing of Chemist Warehouse.
6 days ago
Who has bought Chemist Warehouse?
Summary. On 11 December 2023, Sigma and Chemist Warehouse entered into a merger implementation agreement under which Sigma would acquire all the shares in Chemist Warehouse in exchange for Sigma shares and a $700 million cash consideration.
Mar 8, 2024
Who did Chemist Warehouse merge with?
The Sigma Healthcare Ltd (ASX: SIG) share price remains in focus after its much-anticipated merger with Chemist Warehouse hit a major roadblock in the last week, putting a potential Chemist Warehouse ASX listing back on the agenda.
Dec 11, 2023 · Sigma Healthcare is proposing a take over of Chemist Warehouse Group to create a major player in the local pharmaceutical wholesale and ...
Mar 8, 2024 · On 11 December 2023, Sigma and Chemist Warehouse entered into a merger implementation agreement under which Sigma would acquire all the shares ...
Company type, Private ; Industry, Pharmacy ; Founded, 2000; 24 years ago (2000) ; Founders. Jack Gance; Mario Verrocchi ; Headquarters, Preston, Victoria Australia.
Mar 21, 2024 · All up, the Chemist Warehouse contract is valued at $3 billion for Sigma. Mr Ramsunder said he hoped for a decision from the ACCC in the second ...
Dec 6, 2023 · Pharmacy giant Sigma Healthcare is expected to announce a major transaction that will lead to the privately owned Chemist Warehouse listing ...
7 days ago · Upon completion of the proposed merger, Chemist Warehouse shareholders will hold 85.75 per cent of the ASX listed merged entity while Sigma ...
Dec 12, 2023 · The merger of Sigma Healthcare and Chemist Warehouse will see the creation of a company with a value in excess of A$8.8 billion. It also makes ...
Dec 6, 2023 · HMC Capital is run by ex-banker David Di Pilla, who is the cousin of Chemist Warehouse co-founder Mario Verrocchi. Chemist Warehouse was a ...
Dec 12, 2023 · No-moat Sigma (ASX:SIG) agreed to acquire Chemist Warehouse via a scheme of arrangement, for $700 million in cash and Sigma shares that ...