Millionaires rise from CWH merger

Posted 12 February 2025 PM 

The merger between Chemist Warehouse and Sigma Healthcare is scheduled to be finalised today, with hundreds of people snagging millions from the merged entity which will have an estimated market cap of around $30 billion.

The reverse merger announced in December 2023, which saw shareholders in Chemist Warehouse split $700 million and 85.75 per cent of the merged company, included goodwill of at least $3.2111 billion, representing the excess between Sigma's market capitalisation and the estimated fair value of its assets.

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