Pacific Smiles (PSQ AU) Frowns On Genesis' Offer

Dec 18, 2023

∙ Paid

Pacific Smiles (PSQ AU), an operator of dental centers, has announced - and immediately rejected - a non-binding proposal from Genesis Capital Manager.
Genesis, holder of 18.75% of shares out, has offered A$1.40/share, by way of a Scheme. That's a less-than-inspiring 17.1% premium to last close.
PSQ calls the Offer "opportunistically timed". That has merit, after the share price recently touched a multi-year low. Separately, PSQ is seeking a new CEO after Mckenzie resigned in August.

Keep reading with a 7-day free trial

Subscribe to Aussie/Kiwi M&A/Events to keep reading this post and get 7 days of free access to the full post archives.