Australia’s stock market saw an increase in midday trading driven by several merger and acquisition deals and a rise in energy sector stocks. Sigma Healthcare announced a significant merger with Chemist Warehouse, creating an $8.8 billion retail powerhouse. Additionally, Kin Group increased its buyout bid for Pact Group, leading to a 23% surge in Pact […]
ASX up 0.23% at noon as M&A activity takes flight Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australian economic events. Investment markets and key developments over the past week Share markets were mixed over the last week with US shares up 0.2% for
US payroll jobs data soft, 2.5% inflation mandate with risks, Consumer under pressure Read More »
Private-owned Chemist Warehouse is set to become an ASX 200 top company through its backward takeover of Sigma Healthcare (ASX:SIG), creating a company valued at an estimated $8.8 billion. Sigma announced on Monday that it plans to raise $400 million as part of the merger, bringing together its wholesale and franchise pharmacy business with Chemist
Chemist Warehouse to merge with Sigma Healthcare in $8.8 billion deal Read More »
