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 bought out 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.
Jun 13, 2024
Who is trying to buy 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
What is the largest pharmacy chain in Australia?
TerryWhite Chemmart is an Australian pharmacy chain owned by the EBOS Group. It is the largest pharmacy chain in Australia, with over 550 stores, as of July 2023.
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 · It is a franchisor of around 600 pharmacies and retail stores under the brands Chemist Warehouse, MyChemist, Ultra Beauty, My Beauty Spot, and ...
Mar 21, 2024 · Sigma won back the $2 billion Chemist Warehouse wholesale pharmaceuticals and health and beauty contract last year, as a precursor to their deal ...
Company type, Private ; Industry, Pharmacy ; Founded, 2000; 24 years ago (2000) ; Founders. Jack Gance; Mario Verrocchi ; Headquarters, Preston, Victoria Australia.
Dec 6, 2023 · Pharmacy giant Sigma Healthcare is expected to announce a major transaction that will lead to the privately owned Chemist Warehouse listing ...
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 ...
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 ...
Jun 13, 2024 · Upon completion of the proposed merger, Chemist Warehouse shareholders will hold 85.75 per cent of the ASX listed merged entity while Sigma ...
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 ...