Removing COVID-19 ifrom the equation - and the negative affect it has had on sales over the last 18 months, The WES offer does appear to be a bit stingy.
If Westfarmers are actually serious and are just not putting a one off opportunist bid in (which I do believe is the case) then a figure of $1.80 - $2.00 would be required. Ball is now firmly in Westfields park and there really isn't anything that API can do about it anyway at this stage.
API Price at posting:
$1.41 Sentiment: Buy Disclosure: Not Held
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