Treasury Wine Estates Ltd., the world’s second-largest publicly traded wine maker, fell to its lowest level in more than a year after saying Chief Executive Officer David Dearie was leaving the company immediately.
Aspen Pharmacare Holdings Ltd. , Africa’s biggest drugmaker, offered A$648 million ($549 million) for Sigma Pharmaceuticals Ltd. , lowering its bid by 8.3 percent after examining the Australian company’s books.
Sigma Pharmaceuticals Ltd. , the Australian drugmaker that posted a record loss last month, appointed a new chairman and said it may miss its full-year profit forecast. The shares fell the most in about one month.
Coca-Cola Amatil Ltd., Australia’s largest beverages company, fell the most in more than a year in Sydney trading after saying weak consumer sentiment and discounting by competitors hurt growth in sales volume.
CSL Ltd. , the world’s second-largest maker of blood-based treatments, climbed the most in more than seven weeks in Australian trading after UBS AG said second-half sales in the U.S. may beat estimates.
Cochlear Ltd., maker of the world’s best-selling ear implant, said costs from a voluntary recall of one of its hearing devices may reach A$150 million ($152 million). The shares fell the most in two weeks.