THE $220-$270 million
writedown of the carrying value of
Sigma Pharmaceuticals’
manufacturing division which is
proposed to be sold to Aspen
Pharmacare (PD yesterday)
reportedly has some shareholders
wondering if the company should
have accepted the initial Aspen bid
of 55c per share for the whole
company.
Today’s Financial Review cites
some investors saying they expect a
40c per share capital return, which
may be difficult given the scope of
the proposed writedown.
The story also says that Pulse
Pharmacy, one of Sigma’s biggest
customers, is “coming under
growing financial and operational
pressure from its major lender,
National Australia Bank”.The above article was sent to subscribers in Pharmacy Daily's issue from 17 Sep 10 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 17 Sep 10
IN WESTERN Australia, Michael’s Chemist Group has started stocking therapeutic Nicotine Vaping Products (NVPs), pursuant to the Federal Government’s new vaping laws (PD 25 Mar).
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