API australian pharmaceutical industries limited
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News: API Woolworths Announces Non-Binding Proposal To Acquire Australian Pharmaceutical Industries

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    02/12/21
    09:45
    Post #: 58013828

    Dec 2 (Reuters) - Woolworths Group (WOW) :

    • NON-BINDING PROPOSAL TO ACQUIRE AUSTRALIAN PHARMACEUTICAL INDUSTRIES
    • PLEASED TO NOTE THAT BOARD OF API DETERMINED THAT WOOLWORTHS PROPOSAL IS, OR IS REASONABLY LIKELY TO BE, A SUPERIOR PROPOSAL
    • WILL ENGAGE CONSTRUCTIVELY WITH API TO QUICKLY FINALISE ITS DUE DILIGENCE ENQUIRIES
    • TRANSACTION IS EXPECTED TO BE FUNDED FROM GROUP'S EXISTING BALANCE SHEET CAPACITY
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