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Wesfarmers wins Priceline-owner API board over after lifting offer – The Australian Financial Review
The API board intends to unanimously recommend Wesfarmers’ offer, which has been lifted from $1.38 to $1.55 cash a share.
APIs major shareholder, Washington H. Soul Pattinson, has agreed to vote its 19.3 per cent shareholding in favour of the revised offer and has granted a call option over its shares.
Mr Scott said the revised proposal would deliver an attractive premium…
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