Pacific Smiles Group Ltd (AU:PSQ) has released an update.
Pacific Smiles Group Ltd has deemed Genesis Capital’s Revised Proposal as superior to the current scheme with NDC, triggering a matching rights process. The company’s board is currently discussing with NDC, who has yet to present a counterproposal. The decision has resulted in the adjournment of the Scheme Meeting for the NDC Scheme, giving shareholders time to consider any new proposals before voting.
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