Pacific Smiles Group Board Continues to Urge Shareholders to Reject Genesis Capital's Offer

MT Newswires Live

2024/10/25

The board of Pacific Smiles Group (ASX:PSQ) continued to unanimously urge shareholders to reject Genesis Capital's AU$1.90-per-share off-market takeover offer.

The statement followed Genesis Capital's extension of its offer period to Nov. 29, according to a Friday filing with the Australian bourse.

Following the Oct. 10 payment of Pacific Smiles' dividend of AU$0.0325 per share, the cash consideration payable by Genesis Capital under the cash offer is AU$1.8675 for each share currently on issue, the board of the dental center operator said.

Price (AUD): $1.84, Change: $-0.010, Percent Change: -0.54%

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