Sigma Company Limited - s.87B undertaking

On 30 June 1998 Sigma announced its intention to make a takeover offer for Allied Master Chemists of Australia Limited (AMCAL). The Commission undertook market enquiries and formed the view that the proposed acquisition would be likely to substantially lessen competition in the market for the supply of pharmaceutical products and services in Victoria if AMCAL members were not permitted to continue acquiring pharmaceutical goods and services from their preferred wholesaler. The Commission informed Sigma that it would not intervene in the proposed acquisition if Sigma agreed to enter into an undertaking that it would not, for a period of 3 years, impose any restriction on the ability of AMCAL members to obtain the relevant products and services from their preferred wholesaler.