sigma/chemist warehouse reverse takeover
over some time i have bought sigma shares hoping [or gambling] of becoming a shareholder in the combined entity I note chanticleers comments on related party transactions but feel they will be overcome. I understand proposal depends on both companies shareholder approval plus final approval by the federal court presumably chemist warehouse financial details will be available at sigma meeting with documents to be issued in December my question is when it is likely that the proposal will be finalized and the rebranded company listed on the ASX? sigma are required to pay $700m, cash available to sigma at last balance date was approx $234m, where will further funds come from presumably another share issue by sigma. According to Stephen Mayne, last issue in jan 2024 treated small shareholders rather shabbily it would seem unlikely that a similar unpopular share issue would take place as it would be damaging to the ever growing reputation of the HMC man , the architect of this proposal Market Matters views on the above are requested many thanks
