News: API Wesfarmers Says Will Not Accept Any Takeover Offer Made By Woolworths For API

Dec 15 (Reuters) - Wesfarmers Ltd (WES) :

• WESFARMERS LTD - WESFARMERS LIMITED NOTES NON-BINDING INDICATIVE PROPOSAL MADE BY WOOLWORTHS LIMITED TO ACQUIRE AUSTRALIAN PHARMACEUTICAL INDUSTRIES
• WESFARMERS LTD - WESFARMERS CONTINUES TO BELIEVE THAT ITS PROPOSAL TO ACQUIRE API REMAINS IN BEST INTERESTS OF API SHAREHOLDERS
• WESFARMERS - WESFARMERS DOES NOT INTEND TO ACCEPT INTO ANY TAKEOVER OFFER MADE BY WOOLWORTHS FOR API
• WESFARMERS-WOULD VOTE EXISTING SHAREHOLDING & ANY OTHER API SHARES THAT IT MAY BUY AGAINST ANY DEAL PURSUANT TO WHICH WOOLWORTHS WOULD ACQUIRE API