API 0.00% $1.53 australian pharmaceutical industries limited

Ann: WES:Proposal to acquire Australian Pharmaceutical Industries, page-31

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  1. 140 Posts.
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    Hi ABhan 123

    I expect that the board will try to obtain an increased offer (e.g. $1.45) and therefore oppose the current offer as being too low. I expect WES will increase the offer. If the board opposes the current offer and also a revised offer, then I expect the board will be removed - the major share holder (SOL with 19.3 %) has already accepted the WES offer after, it seems, considerable negotiation with WES. I doubt that the SOL board, and many other shareholders, would be pleased with the API board simply rejecting the offer.

    Regards

    Old Fisherman
 
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