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Wesfarmers puts API in play; bankers, lawyers on board – The Australian Financial Review

Cashed up Wesfarmers is finally getting in on the M&A spree.

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Perhaps the most interesting part of the deal is the way WHSP has structured its agreement with Wesfarmers to retain upside should API end up attracting a higher bid.
The agreement effectively puts API in play. WHSP has flagged that it is a seller at $1.38…

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