Australian Pharmaceutical Industries’ $180 million takeover of South Australian business SILK Laser Clinics has today been approved by the Federal Court.
SILK Laser Clinics has struck a takeover deal with Wesfarmers subsidiary Australian Pharmaceutical Industries which values the Norwood-headquartered business at $180 million.
Wesfarmers’ Australian Pharmaceutical Industries has lobbed a $3.15 a share scheme bid for SILK Laser Clinics, securing due diligence as well as major shareholder Wilson Asset Management’s backing.