The Pharmacy Guild, one of Australia’s most powerful lobbies, has threatened a political campaign against Woolworths after the supermarket giant made an $872 million offer for Australian Pharmaceutical Industries that eclipsed the $1.55 a share offer of rival suitor Wesfarmers.
The two dominant Australian retailers are battling for an elusive prize: a foothold in the lucrative pharmacies sector, which for decades has resisted attempts at deregulation and consolidation.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
