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Ann: API Board rejects indicative proposal from Wesfarmers, page-14

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s_sood15

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13/09/21

07:38

Post #: 56008626
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Originally posted by Footmax: ↑

You are right - if not for COVID-19, the SP would probably be closer to the $2 mark now.

Clearly, Westfarmers saw a golden opportunity to snap up API before lock downs are abandoned as the primary weapon against COVID-19.

Having said that, was it a mistake for the board to knock back Westfarmers offer at $1.40? Would the SP still rise under Westfarmers ownership?

Academic of course - and Westfarmers have not made a second bid at this stage. Maybe they won't if they can't get a really low price for the acquisition.

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If WES buys API .. API will delist and absorbed into WES .. we loose all the upside then.

API Price at posting: $1.33 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: API Board rejects indicative proposal from Wesfarmers, page-14

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