My only concern is that Wesfarmers could do so much better. Why don’t they go for something with a bit more substance, that are not lagging behind their peers? It’s annoying to think that Wesfarmers might consider this a turn around play, because there would be other opportunities out there that they could get for a discount, but with earnings way stronger than API’s.
would love a counter argument to what I’ve just said.
Ann: API: Conditional proposal for API from Wesfarmers, page-4
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