Ann: Woolworths withdraws non-binding proposal to acquire API, page-8

Woollies not being satisfied with their due diligence of API's books and WES's 19% "blocking" holding will probably scare other bidders off I suspect. I doubt very much that API fits into Aldi's over all business strategy. Sort of outside their normal business activities.

Be interesting now if WES continues its bid process - I think it will - but that is an unknown at the moment as well. If it comes to a shareholder vote then WES's 19% becomes significant.

Trade vollumes seem to reflect that the WES deal will get up.