Friday, May 21, 2010

Sigma Pharma Gets Australian $707 Million Takeover Proposal - BusinessWeek

The unidentified bidder is targeting a company that lost more than half its value after reporting a full-year loss of A$389 million in March because of goodwill writedowns. Chief Executive Officer Elmo de Alwis announced his resignation two weeks later, Chief Financial Officer Mark Smith quit May 13 and Chairman John Stocker said yesterday he planned to step down.

Posted via web from Jack's posterous

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