Troubling part is that Woollies - without giving specifics - claim that, after their due diligence, API's financials were wanting. Not sure what they meant by that.
Maybe the 20% WES has scared them off but maybe something more serious.
As you say, API shareholders have missed out - to the tune of over 20 cents a share.
Ann: Woolworths withdraws non-binding proposal to acquire API, page-6
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