SYDNEY, AUSTRALIA: Wesfarmers Limited has acquired 95.1 million shares in Australian Pharmaceutical Industries Limited (API) representing 19.3 per cent of API’s shares outstanding. The acquisition was made pursuant to the Undertaking Agreement entered into on 9 July 2021 with Washington H. Soul Pattinson and Company Limited (WHSP). Wesfarmers remains committed to pursuing its proposal to…
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Wesfarmers upgrades bid for Australian Pharmaceutical Industries t0 $1.55/share
SYDNEY, AUSTRALIA: Wesfarmers Limited has proposed to acquire 100 per cent of the shares in Australian Pharmaceutical Industries (API) for cash consideration of $1.55 per share (Revised Proposal). In July this year, Wesfarmers Ltd had submitted a non-binding, indicative offer to acquire 100 percent of the shares outstanding in Australian Pharmaceutical Industries (API) for $1.38 per share by way…
AusGroup awarded multi-year integrated services contract with WesCEF
SINGAPORE: AusGroup Limited announced that subsidiary AGC Industries (AGC) has been awarded an integrated services contract as part of the Wesfarmers Chemicals, Energy & Fertilisers (WesCEF) maintenance panel to provide services to its CSBP and Kleenheat businesses. The multi-disciplinary services contract is for an initial three-year term with two one-year extension options, covering multiple locations…
Kidman Resources shareholders vote in favour of scheme of arrangement
SINGAPORE: Wesfarmers Limited notes that Kidman Resources’ shareholders today voted in favour of the Scheme of Arrangement under which Wesfarmers will acquire 100 percent of the issued ordinary shares in Kidman for $1.90 cash per share. Wesfarmers Managing Director Rob Scott thanked the Board of Kidman and the company’s shareholders for their strong support for…