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
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Who is merging with Chemist Warehouse?
All eyes are on two titans of the pharmacy industry – Chemist Warehouse and Sigma Healthcare. They are poised to join forces under an A$8.8 billion deal, which could radically reshape the way Australians access medication and other health products.
Mar 24, 2024
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.
What companies does Sigma own?
From its head office in Clayton, Victoria, Sigma manages over 1,200 branded and independent pharmacies. Sigma Healthcare owns Australian retail pharmacy brands: Amcal, Discount Drug Stores and Guardian Pharmacy.
Does Chemist Warehouse own Sigma?
The cleverly structured deal gets Chemist Warehouse onto the ASX via Sigma, which is already listed. The new entity will be 86% owned by Chemist Warehouse, and gives founders Jack Gance and Mario Verrocchi seats on the board. Sigma also has to pony up $700 million in cash.
Dec 11, 2023 · The proposed merger has Sigma acquiring Chemist Warehouse in exchange for a stake in the company and A$700 million in cash. Sigma is raising A ...
Mar 24, 2024 · Through the merger, privately owned Chemist Warehouse, whose surging profits have excited potential investors, will also get a backdoor entrance ...
Chemist Warehouse also partly owns several brands including Bondi Protein Co, Goat Soap, Barely Intimate Skincare, Bambi Mini and the Wagner supplement brand.
Dec 10, 2023 · Chemist Warehouse founders Mario Verrocchi and Jack Gance will hold executive positions in the new entity, with the value of their family ...
Dec 11, 2023 · Chemist Warehouse plans to list on the Australian Securities Exchange via a merger with Amcal owner Sigma Healthcare.
Dec 11, 2023 · Under the deal, Sigma will buy 100 per cent of Chemist Warehouse's shares. Mr Gance and two executives, Damien Gance and Danielle Di Pilla, will ...
Dec 10, 2023 · The merger of Sigma Healthcare and Chemist Warehouse will see the creation of a company with a value in excess of $8.8 billion. It also makes ...
Dec 12, 2023 · Sigma agrees to acquire Chemist Warehouse. Our analyst weighs in on the proposed acquisition and Sigma's capital raise. Shane Ponraj.
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Jack Gance (pictured) started the Chemist Warehouse pharmacy business with Mario Verrocchi in 1995 with five pharmacies. · Today it has annual revenue of more ...