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Chemist Warehouse-Sigma Healthcare deal sparks public inquiry by Australian watchdog

By James Panichi ( March 8, 2024, 02:05 GMT | Insight) -- The owner of Australian pharmacy-franchise giant Chemist Warehouse is facing a public regulatory review of its plans to acquire the publicly listed Sigma Healthcare as part of a complex reverse acquisition that will see the two companies merge in a $463.6 million deal. the Australian Competition & Consumer Commission appears set to focus on how the deal providing Chemist Warehouse owner CW Group with a fast-track route to the stock market will affect the wholesale and distribution of pharmaceutical and other products among pharmacies.The owner of Australian pharmacy-franchise giant Chemist Warehouse is facing a public regulatory review of its plans to acquire the publicly listed Sigma Healthcare as part of a complex reverse acquisition that will see the two companies merge in a A$700 million ($463.6 million) deal....

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