Could the API takeover tassle spill over onto SIGMA I wonder ?
Woolworths Group non-binding proposal to acquire Australian Pharmaceutical Industries Woolworths Group today announces that it has submitted the attached non-binding transaction proposal to Australian Pharmaceutical Industries Limited (API) to acquire 100% of its shares at a cash offer price of $1.75 per API share (total equity value of $872 million ) 1 2 by way of a scheme of arrangement. The proposed offer price represents a premium of 20 cents per share (or 12.9%) over the price agreed between API and Wesfarmers under the scheme implementation deed announced on 8 November 2021.
SIG Price at posting:
45.3¢ Sentiment: Buy Disclosure: Held
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