Woolworths pulls out of bidding war for Priceline owner API

Woolworths Group (ASX: WOW) has walked away from its plans to acquire Australian Pharmaceutical Industries (ASX: API) for $872 million, around a month after outbidding Wesfarmers (ASX: WES) by $108 million in the hope of bringing 470 Priceline pharmacies into its national retail network.

In an…