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Update: Sigma Healthcare Withdraws From UK Drugstore Chain Sale Process; Shares Up 8%

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(Updates to add stock movement in the headline and the last paragraph)

Sigma Healthcare (ASX:SIG) decided to withdraw its interest from and halt discussions regarding the acquisition of UK drugstore chain Boots Group, according to a Monday filing with the Australian bourse.

Following a preliminary review, the company concluded that the acquisition would not currently meet its strategic and capital investment objectives in advancing its UK expansion, the filing said.

The company's shares rose 8% in recent Monday trade.

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