Australia's Sigma climbs to 17-1/2-year high after co offers to addresses watchdog's concerns

Sigma Healthcare

01/10/2024 01:49

** Shares of Sigma Healthcare  SIG.AX  jump as much as 12.9%
to A$1.625, their highest levels since April 11, 2007
    ** Australia's competition regulator says Sigma offered
court-enforceable undertaking to address competition concerns
about its A$8.8 bln ($6.08 bln) proposed merger with Chemist
Warehouse 
    ** As per undertaking, the wholesale pharmaceuticals
distributor would restrict collection and use of confidential
data from its wholesale customers and franchisees for three
years 
    ** Sigma says it would work co-operatively with the
regulator
    ** SIG stock up 60.7%, YTD
 
    ($1 = 1.4468 Australian dollars)

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))