API australian pharmaceutical industries limited
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News: API Sigma Healthcare drops pursuit of Australian pharmacy chain API

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    05/11/21
    10:20
    Post #: 57337262

    Nov 5 (Reuters) - Sigma Healthcare (SIG) said on Friday it dropped its takeover bid for Australian Pharmaceutical Industries (API) , nearly a month after retail conglomerate Wesfarmers Ltd (WES) picked up a large stake in its own pursuit of the pharmacy chain.

    Sigma had made a cash-plus-stock bid of A$773 million ($572.02 million), or A$1.57 per share, to rival Wesfarmers' A$1.55 a share offer.

    ($1 = 1.3514 Australian dollars)

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