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Wesfarmers seeks to acquire Priceline in $687 million deal


Wesfarmers seeks to acquire Priceline in $687 million deal
Source: Inside Retail.
Retail conglomerate Wesfarmers has made a $687 million bid at buying up Priceline’s parent company Australian Pharmaceutical Industries an offer that will net API’s shareholders a 21% premium.
According to Wesfarmers, the deal will provide capital and investment to strengthen API’s competitive position, as well as the position of its community pharmacy partners.
The acquisition would see Wesfarmers take control of Priceline Pharmacy, Clear Skincare, Pharmacist Advice, Soul Pattinson Chemist and Club Premium.
Wesfarmers managing director Rob Scott said the acquisition would also enable the conglomerate to enter the “growing health, wellbeing and beauty sector”. ....

Rob Scott , Australian Pharmaceutical Industries , Washingtonh Soul Pattinson , Club Premium , Priceline Pharmacy , Clear Skincare , Pharmacist Advice , Soul Pattinson Chemist , Scheme Implementation Deed , கொள்ளை ஸ்காட் , ஆஸ்திரேலிய மருந்து தொழில்கள் , சங்கம் ப்ரீமியம் , பிரீசேலினே மருந்தகம் , தெளிவானது சரும பராமரிப்பு , ஆன்மா பாட்டின்சன் வேதியியலாளர் , திட்டம் செயல்படுத்தல் பத்திரம் ,