Perth-based Chemist Warehouse franchisee Sunny Narula has emerged with a $500 million stake in ASX-listed Sigma Healthcare, following the merger of the two businesses.
The competition watchdog has approved the $8.8 billion merger of pharmacy businesses Chemist Warehouse and Sigma Health, after deciding it won't hamper consumer choice.
The Australian Competition and Consumer Protection has voiced concerns over Sigma's proposed acquisition of Chemist Warehouse, including potential barriers for other pharmacy retailers to expand.
This week's Bulls N' Bears profiled ASX runner is … Arrow Minerals. Its shares tripled this week to join fellow movers and shakers Battery Minerals, West Cobar Metals and Sigma Healthcare.
Australia's competition regulator has given the all clear for Wesfarmers to acquire Australian Pharmaceutical Industries, a key condition needed to close the deal.
Wesfarmers will make a foray into the health and beauty sector after winning the takeover battle with Sigma Healthcare for Priceline owner Australian Pharmaceutical Industries.
Sigma Healthcare has withdrawn efforts to merge with Priceline owner Australian Pharmaceutical Industries leaving Wesfarmers to push ahead with a takeover.
