API says no to Wesfarmers

API Board unanimously concludes "undervalued" Wesfarmers offer is not in the best interest of shareholders The board of leading pharmaceutical wholesaler API has rejected a takeover offer from retailing giant Wesfarmers.    Wesfarmers, which numbers Bunnings, K Mart, Target and Officeworks among its many companies, announced the bid on Monday 12 July. The “non-binding, indicative