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Wesfarmers Notes Woolworths Group Withdraws Non-Binding Proposal to Acquire API

07 Jan 2022  |  09:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: API:Woolworths withdraws non-binding proposal to acquire API

Wesfarmers advised that that Australian Pharmaceutical Industries (API) notes that Woolworths Group (Woolworths) has withdrawn its non-binding indicative proposal to acquire 100% of the shares in API announced on 2 December 2021. As announced to the market on 8 November 2021, the Scheme Implementation Deed (SID) with the Company remains in place and is on track for completion in the first quarter of calendar year 2022.

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