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Asia

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

(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.

ASX:SIG
Asia

Sigma Healthcare Withdraws From UK Drugstore Chain Sale Process

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.

ASX:SIG
Asia

Sigma Healthcare Confirms Discussions to Acquire UK's Boots; Shares Down 4%

Sigma Healthcare (ASX:SIG) confirmed that it is in preliminary discussions to acquire UK health and beauty retailer and pharmacy chain Boots, according to a Wednesday Australian bourse filing.The company said there is no certainty that the talks would lead to any transaction.According to a Tuesday Financial Times report, the company is competing with the billionaire Weston family, which is also in discussions to buy Boots in a potential $10 billion deal.Sigma Healthcare's shares tumbled about 4% in recent Wednesday trade.

ASX:SIG
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.Arafura Rare Earths (ASX:ARU): 80.5 million sharesPredictive Discovery (ASX:PDI): 11.8 million sharesTelstra Group (ASX:TLS): 9.2 million sharesSantos (ASX:STO): 8.2 million sharesSigma Healthcare (ASX:SIG): 7.2 million shares

ASX 200ASX:ARUASX:PDIASX:SIGASX:STOASX:TLS
Asia

Sigma Healthcare Says Chemist Warehouse Brand to Enter UK Under Agreement With Pharmacy Group; Shares Rise 4%

Sigma Healthcare (ASX:SIG) said Tuesday signed a memorandum of understanding with Greenlight Healthcare, under which the Chemist Warehouse brand will enter the UK market.The company said in a statement that it will acquire a 75% interest in a number of stores of the employee-owned pharmacy group, with 25% continuing to be held by GreenLight.Sigma will license the Chemist Warehouse brand and intellectual property, and provide retail support, while GreenLight will provide the dispensary and professional services requirements as well as back office support.The first phase of the joint venture will focus on rebranding and developing up to five stores initially, with the first site to be in Hoxton Street, northeast of the city of London. If the first phase proves to be successful, more stores could be developed in the second phase. The parties plan to identify existing GreenLight pharmacies and where appropriate develop or relocate these into Chemist Warehouse stores.Sigma Healthcare's shares rose nearly 4% in recent trading on Tuesday.

ASX:SIG