Extract from The AFR
Takeover target Australian Pharmaceutical Industries has been slapped with a class action by current and former Priceline franchisees, who claim the company had excessive control over their pharmacies and required them to pay fees that are in breach state regulations.
Former Federal Court judge Ron Merkel, QC, has been drafted to lead a team of barristers acting for the plaintiffs in Melbourne.
Will WES raise their offer with this in the pipeline?
