Sigma share price bounces back after out-of-court settlement
Sigma’s share price has bounced back 4% following a peace deal with Chemist Warehouse owner Administration and Marketing Solutions.
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