Ann: Woolworths withdraws non-binding proposal to acquire API, page-4

Not really a stitch up. WOW had to offer something substantial to have a look at the books. WES had it when they got the 19.4% and board approval. WOW gave LT holders a chance to get an extra 12.5% and fob it off their shares at the market for greater than 1.55. I'd call that great for some holders. Unfortunate for the guys on the other end though.