Australian (ASX) Stock Market Forum

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"According to the release, Australian Pharmaceutical Industries has made an offer to merge the companies with a cooperative approach so that Sigma shareholders will receive the equivalent of 68.6 cents for every share they own.


This offer comprises 23 cents per share in cash and 0.31 Australian Pharmaceutical Industries for every Sigma share. Sigma’s shares last closed at 40.5 cents, meaning this offer equates to a premium of 69%."


At today's sp of $.565, I'm seeing some value - yet how it plays out is anyone's guess. API sitting at 12.5% on the registry


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