Proposal to acquire API

The Pharmacy Guild of Australia notes Sigma Healthcare Limited has announced it has put forward a proposal to acquire API (Australian Pharmaceutical Industries Limited).

A Pharmacy Guild spokesperson said it would continue to monitor bidding for API and examine possible implications.

In the end, this is a commercial matter and the boards of API and bidding companies will of course act in the interests of their shareholders.

The Guild will monitor the bidding in line with its own obligations towards patients and Guild members.

The spokesperson said the Guild had closely observed developments over recent months and would continue to keep members informed of any issues of interest.

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