API
API acquisition joust not over yet
Wesfarmers the front runners but Sigma still in the running as takeover battle rumbles on When Wesfarmers bought W.H.Soul Pattinson’s 19.3% share of Australian Pharmaceutical Industries (API) in the first …
API to ‘vigorously defend’ action
Australian Pharmaceutical Industries has confirmed that a class action has been filed against it API has issued a statement confirming that a class action has been filed against it in …
Wesfarmers makes a move
Wesfarmers has bought nearly 20% of API, in the latest move in the war to acquire the wholesaler On Thursday Wesfarmers made the announcement that it has acquired 95.1 million …
Sigma sparks API bidding war
Pharmacy Guild says it will monitor developments on API buyout for any “possible implications”. Sigma Healthcare has made a takeover offer for Australian Pharmaceutical Industries (API), trumping Wesfarmers 11 day …
‘Wesfarmers supports the community pharmacy model.’
Two months after it rejected a takeover bid from Wesfarmers, API has now welcomed a new bid from the owner of Bunnings and Kmart Wesfarmers announced on Thursday that it …
Expanding the network
MedAdvisor signs five-year deal with API, bringing hundreds of pharmacies on board MedAdvisor has signed a five-year agreement with Australian Pharmaceutical Industries (API), which owns the Priceline Pharmacy, Soul Pattinson …
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 …
Making a fortune
My Chemist and Chemist Warehouse co-founders jump more than 30 places up the AFR Rich List, seeing their wealth increase by nearly 70% since COVID-19 hit My Chemist Retail Group …
Wesfarmers’ API bid under scrutiny
Guild says it is ‘monitoring’ the $687 million takeover bid for the wholesaler The Pharmacy Guild of Australia is “monitoring” Wesfarmers’ unexpected takeover bid for Australian Pharmaceutical Industries for “possible …
The week in review
This week saw a watershed moment for community pharmacy and the COVID-19 vaccination… but also continued controversy about the jab In big news for community pharmacy this week, pharmacist immuniser …
Former Guild head joins API
API Limited has announced that it has appointed George Tambassis to the role of non-executive director of the company, effective immediately In a statement this week API noted Mr Tambassis’ …
Profits hit by COVID lockdowns
API has released half-yearly results showing a 29% drop in net profit, with big drops in profit at its two largest CBDs Australian Pharmaceutical Industries has released its results for …