API australian pharmaceutical industries limited
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News: API Australian Pharmaceutical Industries gets sweetened $560 mln buyout bid from Wesfarmers

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    16/09/21
    10:00
    Post #: 56106797

    Sept 16 (Reuters) - Australian Pharmaceutical Industries (API) (API) said on Thursday it received a sweetened indicative bid from retail conglomerate Wesfarmers (WES) , valuing the pharmaceutical company at A$763.6 million ($560.25 million).

    As per the new bid, API shareholders would now receive A$1.55 per share, up from the previous offer of A$1.38 apiece that was rejected in July.

    ($1 = 1.3630 Australian dollars)

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