Brief: Pacific Current Group Says IBC Confirms That It Has Received A Signed Letter In Draft Form From River Capital On 7 November
12/11/2023 22:03
Nov 13 (Reuters) - Pacific Current Group Ltd PAC.AX :
* IBC ALSO CONFIRMS THAT IT HAS RECEIVED A SIGNED LETTER IN
DRAFT
FORM FROM RIVER CAPITAL ON 7 NOVEMBER
* PROPOSED ACQUISITION OF 100% OF ISSUED SHARES OF PACIFIC
CURRENT
FOR A$10.50 IN CASH CONSIDERATION PER PAC SHARE
* RIVER CAPITAL PROPOSAL NOTES IT WILL BE PREDOMINANTLY
FUNDED BY
SALE OF MOST OF PAC'S INTERESTS IN PAC AFFILIATES TO GQG
* IBC HAS BEEN INFORMED BY RIVER CAPITAL THAT DISCUSSIONS
BETWEEN
RIVER CAPITAL AND GQG HAVE NOW CEASED
Source text for Eikon: ID:nASX2Nzkqm
Further company coverage: PAC.AX
((Reuters.Briefs@thomsonreuters.com;))
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