Top Stocks - Stock Market Australia
Top Stocks Sigma Pharmaceuticals (SIP)

Sigma Pharmaceuticals (SIP) is an Australian manufacturer of prescription, over-the-counter and generic pharmaceutical products, as well as a distributer to pharmacies throughout Australia.

Last Friday, SIP said it had received a $707.4 million takeover offer from a mysterious bidder, pitched at 60 cents per share.

SIP later confirmed the unnamed takeover suitor was actually South African-based Aspen Pharmacare Holdings.

The deal comes after a private equity consortium bid for peer Healthscope, which also happens to be one of the sectors hot stocks, raising speculation that private equity players are courting SIP.

SIP was among the top stocks last Friday, finished up a whopping 37% to $0.48.

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