BUZZ-Australia's Pacific Smiles eyes best yearly rise since 2020

Reuters
30 Dec 2024
BUZZ-Australia's Pacific Smiles eyes best yearly rise since 2020

** Dental centers operator Pacific Smiles PSQ.AX set to rise ~34% this year, best since 2020

** The target of a year-long bidding war, PSQ had fallen the last two years

** Co got A$223.4 mln ($139 mln) takeover offer from Genesis Capital at A$1.40 per share in December 2023

** In Q1 of 2024, National Dental Care (NDC) HoldCo proposed A$303 mln deal at A$1.90 per share

** PSQ shareholders also voted against NDC's revised A$327.1 mln bid

** Last month, board members recommended that stakeholders accept Genesis' sweetened offer - A$1.95 per share for all shares it did not already own, valuing PSQ at A$316.4 mln

** Stock currently flat at A$1.955

($1 = A$1.6064)

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.Kumar@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10