Pharmacy corporates’ $9 billion merger strikes fear into the guild’s heart
The combined group would have almost 1000 retail stores across Australia.
The Pharmacy Guild of Australia has sounded the alarm over a planned merger between Chemist Warehouse and Sigma Healthcare, which would see the pharmacy giants create an $8.8 billion company.
Sigma has launched a $400 million equity raise to fund its acquisition of Chemist Warehouse, which it plans to buy in exchange for shares and $700 million in cash.
