Pacific Smiles Group Ltd (AU:PSQ) has released an update.
Pacific Smiles Group Ltd is set to address its shareholders regarding a proposed acquisition by NDC BidCo Pty Ltd, but plans to adjourn the meeting due to a superior counterproposal from Genesis Capital Manager I Pty Ltd at $2.05 per share. This move comes after considering Genesis Capital’s previous offer, which the Board found less favorable than NDC’s revised bid. Shareholders are to receive supplementary information before the rescheduled vote, ensuring they have ample time to review all proposals.
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