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Chemist Warehouse shareholders seal $30b merger in 16-minute meeting

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Chemist Warehouse’s billionaire founders have cleared the final hurdle in their long-held ambition to create a listed pharmacy and retail giant, saying they have big ideas for the group which will start trading on the ASX next month after shareholders backed their $30 billion merger deal.

The reverse takeover of Sigma Healthcare, a wholesaler and franchiser with brands such as Amcal and Discount Drug Stores, has taken more than a year to be approved by regulators and finally, on Wednesday, shareholders.

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Michael Smith is the health editor for The Australian Financial Review. He is based in Sydney. Connect with Michael on Twitter. Email Michael at michael.smith@afr.com
James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/chemist-warehouse-founders-seal-30-bln-merger-deal-20250128-p5l7t7