Sigma share price bounces back after out-of-court settlement

The two have committed to a more constructive relationship

Sigma’s share price has bounced back 4% following a peace deal with Chemist Warehouse owner Administration and Marketing Solutions.

Sigma and Chemist Warehouse settle legal dispute

In an out of court settlement, the discount giant has agreed not to buy from a rival supplier. The exact terms of the agreement have been kept confidential.

Sigma took the group to court when Chemist Warehouse said it had been offered a deal it could not refuse, apparently for Sandoz products.

At the time, Sigma told the ASX it would lose five to ten million