Australia's API inks $565m buyout deal with Wesfarmers, recommends offer

Australia's API inks $565m buyout deal with Wesfarmers, recommends offer

Rob Scott, Managing Director, Wesfarmers Limited

Australian Pharmaceutical Industries on Monday said it had signed an agreement with Wesfarmers Ltd for the retail conglomerate to buy all of its shares in a deal valuing the pharmacy chain at A$763.6 million ($564.9 million).