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13/01/22
19:53
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Originally posted by Footmax:
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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.
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Wes have made a binding bid so not sure they can pull out. woolies wouldn't have wanted the business with Wes having 19%. I think Wes played it well by getting the 19% as it would deter other bidders. suspect woolies only put in the bid to get a look at the Priceline books. Wes could even go after sigma now for an enlarged wholesaler.