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Ann: API Board rejects indicative proposal from Wesfarmers, page-20

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Footmax

13,874 Posts.

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13/09/21

18:40

Post #: 56029953
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Correction - I did mean to say Woollies and not Coles.

Originally posted by Footmax: ↑

In addition, I think WES is keeping an eye on lockdowns. If they are extended then they may be willing to make a better offer but only just.

If everything opens up, I suspect WES will realise that it missed out and will not make another offer - and that would mean that a counter offer from elsewhere is also unlikely. The fact that there have not been any other offers - and not one from Coles - does tend to point to no further offers.

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API Price at posting: $1.33 Sentiment: Buy Disclosure: Not Held
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