Pacific Smiles Group Ltd (AU:PSQ) has released an update.
Beam Dental Bidco Pty Limited has increased its voting power in Pacific Smiles Group Ltd to 25.60% through acceptances and on-market purchases. The company has acquired significant shares in Pacific Smiles, with GFT2 and Genesis Capital Fund also securing large stakes as part of the pre-bid preparation. These developments indicate a strategic move by Beam Bidco in its off-market takeover bid for Pacific Smiles.
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