I think that the following part of the WES initial announcement implies that WES is not yet the owner of the SOL 19.3 %. "API’s major shareholder Washington H. Soul Pattinson and Company Limited (“WHSP”, ASX:SOL), which owns 19.3 per cent of API’s shares outstanding, has agreed to vote in favour of the Proposal and has granted a call option in respect of its API shares in favour of Wesfarmers"
Regards Old Fisherman
API Price at posting:
$1.37 Sentiment: Hold Disclosure: Held