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Wesfarmers likely to lob fresh bid after API rejects $687m offer We’re sorry, this service is currently unavailable. Please try again later. Dismiss 4.14pm Normal text size Advertisement Takeover target Australian Pharmaceutical Industries’ (API) shareholders are holding out hope that retail powerhouse Wesfarmers will return to the table with a higher offer after having its initial bid rejected by the company’s board. API, which owns the Priceline pharmacy chain along with a range of skincare clinics, knocked back Wesfarmers’ surprise $687 billion takeover bid on Thursday, telling the Perth-based conglomerate to come back with an offer that appropriately valued the business. ....
Wesfarmers (ASX:WES) share price rising amid competition concerns Loyalty might be a blessing and a curse for the proposed API and Wesfarmers merger… Mitchell Lawler is a site writer at The Motley Fool Australia. He holds a Bachelor of Engineering and previously worked in the consulting space while his interest in equities grew. Mitchell is now completing his studies in finance and wealth management and hopes to help others in their investing journey. You can view Mitchell s holdings here. Latest posts by Mitchell Lawler (see all) | The Wesfarmers Ltd(ASX: WES) share price is gaining in morning trade. This comes despite potential loyalty program competition concerns in relation to its proposed merger with the owner of Priceline Pharmacy. ....
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