Sigma share price up 9% on first day of trading post-merger with Chemist Warehouse
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Sigma Healthcare Ltd (ASX: SIG) shares surged 9% on Thursday and are the most actively traded stock on their first day of trading post-merger with Chemist Warehouse.
The Sigma share price rose by 9.4% to an intraday high of $3.02 per share today.
The stock has since retraced a little to be trading at $2.94, up 6.52%.
The scheme of arrangement between the two companies was officially implemented yesterday, and about 4.3 billion unescrowed new Sigma shares began trading today.
First day of trading for repackaged Sigma Healthcare shares
At the time of writing, almost 128.5 million Sigma shares have been traded on Thursday, making it the most traded stock of the day, according to CommSec data.
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