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Australian Pharmaceutical Industries Ltd (ASX: API) to acquire Wesfarmers Ltd (ASX: WES) after signing an implementation plan.
The Pharmacy Guild of Australia notes that Sigma Healthcare Limited has announced a proposal to acquire API (Australian Pharmaceutical
Australian Pharmaceutical Industries (ASX: API) share price versus Sigma Healthcare Ltd (ASX: SIG) increased versus takeover offer from Wesfarmers Ltd (ASX: WES).
The pharmacy network has endorsed a $ 1.55 per share offer that adds 17 ¢ to Wesfarmers' opening offer two months ago.
Wesfarmers Ltd (ASX: WES) stock price is watched today after the company increased its tender offer to $ 1.55 per share for Australian Pharmaceutical Industries Ltd (ASX: API).
The owner of Priceline Pharmacies rejected Wesfarmers' offer because it underestimated the health and beauty group.
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Wesfarmers CEO Rob Scott says his premium pitch for the owner of Priceline Pharmacy is a "small, modest investment" that over time could prove to be a useful platform for building a new health department.