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Sigma shares surge as it offers concessions for Chemist Warehouse deal

Michael Smith
Michael SmithHealth editor
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Sigma Healthcare has moved closer to its $8.8 billion merger with Chemist Warehouse after offering hundreds of its franchisees an exit path from the group if the deal goes ahead, in a bid to appease competition concerns.

The concession added almost $1 billion to Sigma’s market capitalisation on Tuesday after its shares rallied 23 per cent to an 18-year-high, with investors betting the Australian Competition and Consumer Commission might approve the merger without forcing the pharmacy giants to sell stores.

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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

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    Original URL: https://www.afr.com/companies/healthcare-and-fitness/sigma-offers-pharmacies-exit-plan-in-chemist-warehouse-deal-20241001-p5keup