Priceline owner API agrees to Wesfarmers buyout

 Wesfarmers' (ASX: WES) attempt to diversify its retail offering with one of Australia's leading pharmacy chains is one step closer to getting over the line after entering into a scheme implementation deed (SID) to buy all remaining shares in Australian Pharmaceutical Industries (ASX: API).

It has now been almost four months since Wesfarmers made its first $680 million bid to buy API, which owns the Priceline brand under a community pharmacy model with 470 stores nationwide.

Read More: https://www.businessnewsaustralia.com/articles/priceline-owner-api-agrees-to-wesfarmers-buyout.html



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