AUSTRALIAN Pharmaceutical Industries has confirmed it is participating in a sale process for Laser Clinics Australia, in response to media speculation about a possible acquisition (PD yesterday).
The company said it had previously informed shareholders it was actively looking at a range of potential growth options to complement its existing business, and continued to evaluate various opportunities from time to time.
While API is taking part in the Laser Clinics process, it has "made no decision nor has it entered into any agreement with respect to the potential acquisition," the firm said.
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