WebJul 19, 2024 · Wesfarmers’ left-field bid for Australian Pharmaceutical Industries (API) is a somewhat risky investment move for the Perth-based conglomerate. On the plus side, the health sector has the growth potential that Wesfarmers wants to pursue and API could provide a platform on which Wesfarmers could build a health division. WebMar 17, 2024 · Wesfarmers (ASX:WES) notes that Australian Pharmaceutical Industries Limited (“API”, ASX:API) shareholders today voted in favour of the Scheme of Arrangement under which WFM Investments Pty Ltd, a wholly-owned subsidiary of Wesfarmers Limited, will acquire 100 per cent of the shares in API that it does not already own (“Scheme”).
Wesfarmers makes $687m play for API - Australian …
WebJul 12, 2024 · The best performer on Monday was API after it received a takeover bid by Wesfarmers. The ASX 200 ended Monday up 0.8 per cent. That saw it rise after a sell … Webproposal and is in the best interests of API shareholders. Given Wesfarmers’ commitment to progress its own proposal to acquire API, Wesfarmers does not intend to support, or vote its 19.3 per cent API shareholding in favour of, the Sigma proposal. Wesfarmers Managing Director Rob Scott said that the Wesfarmers proposal would deliver an ... barlings park limited
Bunnings, Kmart owner lobs $700 million bid to purchase Priceline owner API
WebJan 7, 2024 · Wesfarmers, which already owns 19.3% of API, said last month it would not back Woolworths' bid for the pharmacy chain. In early November, Sigma Healthcare also dropped a A$773 million takeover bid ... WebMar 22, 2024 · Wesfarmers will soon own the pharmacy and distribution business API will form a new health, wellbeing and beauty division of Wesfarmers Today is the last … WebNov 8, 2024 · API directors unanimously recommend that shareholders accept the Wesfarmers deal for $1.55 for each of the shares the Western Australian company does not already own. Picture: David Geraghty / NCA ... barlings barn wales