bullish

Pacific Smiles: Key Shareholders Reject Genesis' Terms

450 Views30 Sep 2024 09:11
Trading at a 1.49% gross spread. Genesis won't back down. NDC's A$2.05/share is the target for the Board, or a 7.9% bump. OR a 6.2% bump to A$2.0175/share, net of the final divvy.
What is covered in the Full Insight:
  • Key Shareholders Reject Genesis' Terms
  • Financial Performance and Board Recommendations
  • Genesis' Off-Market Offer Details
  • Historical Context and Previous Offers
  • Comparative Analysis and Shareholder Register
Boomeranged on Fri, 22 Nov 2024 07:36
Pacific Smiles (PSQ AU)'s board caves and now recommends shareholders accept the Offer. Genesis Bidco now holds 32.93%, which the board reckons is sufficient to control the outlook of an ordinary resolution. The Offer is currently expected to close on the 29th November. Expect that close to be extended. The Offer is conditional on a 50% acceptance hurdle. 
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
  • Unlock research summaries
  • Follow top, independent analysts
  • Receive personalised alerts
  • Access Analytics, Events and more

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

or
Already have an account? Sign In Now
Full Insight
(Paid Plans Only, 6-minute read)
Discussions
(Paid Plans Only)
chart-bar
Logo
Top 5%
David Blennerhassett
Pan-Asia Catalysts/Events
Quiddity Advisors
EquitiesEvent-Driven
Price Chart(Sign Up to Access)
analytics-chart
x