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2. Wesfarmers Ltd (ASX Code: WES) recently made a $687m Takeover Bid for Australian Pharmaceutical Industries (ASX Code: API) and the bid was rejected by

2. Wesfarmers Ltd (ASX Code: WES) recently made a $687m Takeover Bid for Australian Pharmaceutical Industries (ASX Code: API) and the bid was rejected by the API board. What tactic was Wesfarmers following in making this bid? Discuss the downsides to the tactic Wesfarmers was following

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