API australian pharmaceutical industries limited
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News: API Wesfarmers to buy API as Woolworths scraps offer

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    07/01/22
    10:00
    Post #: 58698257

    Jan 7 (Reuters) - Australian Pharmaceutical Industries Ltd (API) on Friday agreed to Wesfarmers Ltd's (WES) takeover offer, after top grocer Woolworths Group (WOW) withdrew its bid to buy the pharmacy chain.

    Wesfarmers will pay A$1.55 in cash for every API share, valuing the pharmacy chain at A$763.6 million ($546.74 million).

    ($1 = 1.3966 Australian dollars)

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