BUZZ-Australian takeover target Pacific Smiles jumps as Genesis raises bid

Reuters
2024-11-11

** Shares of Australia's Pacific Smiles Group rise as much as 3.17% to A$1.95, highest since early August

** Dental chain says private equity firm Genesis Capital has sweetened its buyout offer to A$316.4 mln ($208.48 mln)

** Genesis raised its all-cash offer to A$1.9825 per share from A$1.90 a piece announced in September, among other options

** One of three analysts rate the stock "buy" or higher, and the rest rate "hold", their median PT is A$2.7 – LSEG data

** Stock had risen 29.45% this year, as of last close

(Reporting by Nichiket Sunil in Bengaluru)

((nichiket.sunil@thomsonreuters.com))

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