API 0.00% $1.53 australian pharmaceutical industries limited

Ann: Revised Non-Binding Indicative Proposal from Wesfarmers, page-11

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    If the offer had been made 6 months from now then $2 would be reasonable. COVID-19 restrictions will be relaxed into the future.

    Westfarmers were quite astute ith their timing. $1.55 (including the dividend) is a good price for them.
 
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