Australia's Sigma Healthcare soars on shelving Boots acquisition talks
BUZZ-Australia's Sigma Healthcare soars on shelving Boots acquisition talks Updates
** Shares of Sigma Healthcare SIG.AX rise as much as 8.3% to A$2.860, heading for their best trading day since August 27, 2025
** The pharmaceutical wholesaler and retailer walks away from preliminary talks to buy British pharmacy chain Boots
** Cites a potential deal would not meet its strategic and capital investment objectives
** Marc Jocum, a senior product and investment strategist at Global X ETFs, says investors are happy to find out that SIG has dropped its pursuit of Boots
** "Shareholders would rather see management focus on executing opportunities already in front of them than pursue another transformational deal of that scale" - Jocum
** Stock down over 3% YTD, including the session's moves
(Reporting by Anjali Singh & Rajasik Mukherjee in Bengaluru)