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Wesfarmers likely to lob fresh bid after API rejects $687m offer


Wesfarmers likely to lob fresh bid after API rejects $687m offer
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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. ....

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Wesfarmers (ASX:WES) share price rising amid competition concerns


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.
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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. ....

Sister Club , Australian Competition Consumer Commission , Wesfarmers Ltd , Australian Pharmaceutical Industries Ltd , Australian Competition , Consumer Commission , Australian Financial Review , சகோதரி சங்கம் , ஆஸ்திரேலிய போட்டி நுகர்வோர் தரகு , ஆஸ்திரேலிய மருந்து தொழில்கள் லிமிடெட் , ஆஸ்திரேலிய போட்டி , நுகர்வோர் தரகு , ஆஸ்திரேலிய நிதி விமர்சனம் ,