Posted by Michael Wonder on 12 Jul 2021
Wesfarmers lobs $687 million takeover of Australian Pharmaceutical Industries
12 July 2021 - Wesfarmers has lobbed a $687 million takeover of Priceline owner API. But don’t expect pharmacies to pop up at Bunnings, Kmart or Target.
Wesfarmers chief executive Rob Scott says the company’s $687 million takeover bid for Priceline owner Australian Pharmaceutical Industries will not seek to copy and resurrect Woolworths’ plan to install pharmacies across its stores.
