Major Australian supermarket chain Woolworths has lobbed a surprise A$870 million (US$620 million) offer to acquire Priceline owner API, The Age reported, in a move that would see the national retailer significantly expand healthcare operations.
Woolworths announced to investors on Thursday morning that it had made an offer to acquire 100% of the shares in API at a price of A$1.75 a share, valuing the business at A$872 million.
Read the full report: The Age
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