Wesfarmers' health and beauty division has upped its offer to $180 million to acquire SILK Laser Clinics after previously walking away from negotiations.
Australia's competition regulator has given the all clear for Wesfarmers to acquire Australian Pharmaceutical Industries, a key condition needed to close the deal.
Woolworths Group has withdrawn its bid for Australian Pharmaceutical Industries (API), leaving Wesfarmers as the only suitor for the Priceline Pharmacy owner.
Wesfarmers says it won't accept any takeover offer made by Woolworths for API, as the retail giants fight for ownership of Australian Pharmaceutical Industries.
Wesfarmers will make a foray into the health and beauty sector after winning the takeover battle with Sigma Healthcare for Priceline owner Australian Pharmaceutical Industries.
Sigma Healthcare has withdrawn efforts to merge with Priceline owner Australian Pharmaceutical Industries leaving Wesfarmers to push ahead with a takeover.
