News: API Australian Pharmaceutical Industries Got Non-Binding Indicative Proposal From Wesfarmers

Sept 16 (Reuters) - Australian Pharmaceutical Industries Ltd (API) :

• RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM WESFARMERS LIMITED
• NON-BINDING INDICATIVE PROPOSAL TO ACQUIRE 100% OF SHARES IN API FOR CASH CONSIDERATION OF A$1.55 PER SHARE
• DEAL FOR CASH CONSIDERATION OF A$1.55 PER SHARE
• ON SEPT 16, GOT REVISED NON-BINDING INDICATIVE PROPOSAL FROM WES TO BUY API FOR A$1.55 PER SHARE
• UNANIMOUSLY INTENDS TO RECOMMEND REVISED INDICATIVE PROPOSAL TO SHAREHOLDERS
• WESFARMERS HAS BEEN GRANTED UNTIL 16 OCTOBER 2021 TO UNDERTAKE EXCLUSIVE CONFIRMATORY DUE DILIGENCE

Source ( https://bit.ly/3ChjOp7)

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