Laden...
Woolworths drops out of the race for Priceline
Supermarket giant, Woolworths, has withdrawn its $872 million bid for pharmacy wholesaler, Australian Pharmaceutical Industries (API).
The move follows the completion of a âcomprehensive due diligence processâ, which the retailer said had ânot been able to validate the financial returnsâ in line with its capital allocation framework.Â
Responding to Woolworthsâ decision to walk away from the bid, API told the Australian Securities Exchange that the Scheme of Implementation Deed, which it entered into with Wesfarmers on 08 November 2021 âremains in place and is on track for completion in the first quarter of calendar year 2022â.Â
See todayâs edition of Pharmacy Daily for more.
This Pharmacy Daily breaking news is brought to you by JPH Group
To ensure you continue to receive email from Pharmacy Daily reliably please add [email protected] to your 'Safe Senders' list and set images to always display.
To forward this email to a friend click here. To receive your own copy of Pharmacy Daily sign up here.
To modify subscription details click here. To unsubscribe click here.
The Therapeutic Goods Advertising Code 2015 requires strict compliance. View the code here.
Pharmacy Daily - a division of Business Publishing Group
PO Box 1010 Epping NSW Australia 1710
Level 2, Suite 1 64 Talavera Rd Macquarie Park NSW 2113
Phone: 1300 799 220 ( 61 2 8007 6760)
Email: [email protected]
Laden...
Laden...
