Pharmacy retailer to cut staff, close DCs to realise $100m in savings.
Sigma board said cash-and-scrip approach by API undervalued its prospects.
A number of retailers look for merger deals, but most are still circling, eyeing the merchandise.
Pharmacy network completes business review.
Merger expected to save $60 million annually by 2022 if approved.
Although API’s offer for Sigma Healthcare appears to be a good deal, the board owes it to investors to seek out other possible suitors.
Pharmacy giant proposes tie-up with rival.
Loss of Chemist Warehouse supply contract hits profit.