API australian pharmaceutical industries limited
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News: API Australia's API inks buyout deal with Wesfarmers, recommends offer

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    08/11/21
    09:40
    Post #: 57387719

    Nov 8 (Reuters) - Australian Pharmaceutical Industries (API) on Monday said it inked a scheme implementation deed with retail conglomerate Wesfarmers Ltd (WES) for it to buy all of its shares for A$1.55 apiece. (https://bit.ly/31EHwia)

    API board unanimously recommended that shareholders vote in favour of the scheme.

    The pharmacy chain has been a target of a takeover battle between the retail conglomerate and Sigma Healthcare (SIG) for more than a month.

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