In today’s briefing:
- Pacific Smiles (PSQ AU) Frowns On Genesis’ Offer
Pacific Smiles (PSQ AU) Frowns On Genesis’ Offer
- Pacific Smiles (PSQ AU), an operator of dental centers, has announced – and immediately rejected – a non-binding proposal from Genesis Capital Manager.
- Genesis, holder of 18.75% of shares out, has offered A$1.40/share, by way of a Scheme. That’s a less-than-inspiring 17.1% premium to last close.
- PSQ calls the Offer “opportunistically timed”. That has merit, after the share price recently touched a multi-year low. Separately, PSQ is seeking a new CEO after Mckenzie resigned in August.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
