Street Talk First Look

Monday

October 11, 2021

Street Talk

First Look

Good evening,

Sigma has slammed the data room door shut on Australian Pharmaceutical Industries.

The Priceline owner has lost access to Sigma’s books after Wesfarmers exercised its options to claim a 19.3 per stake in the company, all while Sigma was conducting due diligence.

The far smaller of the two suitors, Sigma is now under pressure to increase its scrip-heavy bid to something irresistible, with Wesfarmers having already indicated it would vote against the current offer.

Elsewhere, the December quarter is set to be a record-breaker for the ASX, with at least seven $1 billion-plus floats being lined up and upwards of $10.2 billion being raised. Also, PwC has bought CyberArk reseller WebSecure and APM needs only $339 million in primary capital out of its $1 billion-plus IPO.

Happy reading,

Anthony Macdonald and Yolanda Redrup
Street Talk editors

Tomorrow’s headlines

Street Talk

Sigma Healthcare shuts data room as API takeover heats up

There’s a fresh twist in the battle for Priceline Pharmacy owner Australian Pharmaceutical Industries.

Street Talk

Billion-dollar floats set to smash ASX records

With at least seven $1 billion-plus floats in the works and upwards of $10.2 billion to be raised, fund managers will have to make some tough choices.

Street Talk

PwC Australia bolts on cybersecurity firm WebSecure

PwC has snapped up the Sydney-based IT security and risk management firm in an effort to corner the privileged access management market in Australia.

Street Talk

APM earmarks $339m primary capital for $1b-plus IPO

There’s a bit of a chicken and egg situation at human services bigwig APM, which wants to be a proper publicly traded company but isn’t capital hungry.

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