Australia's Pacific Smiles eyes best yearly rise since 2020

Pacific Smiles

30/12/2024 24:44

** Dental centers operator Pacific Smiles  PSQ.AX  set to
rise ~34% this year, best since 2020
    ** The target of a year-long bidding war, PSQ had fallen the
last two years
    ** Co got A$223.4 mln ($139 mln) takeover offer from Genesis
Capital at A$1.40 per share in December 2023
    ** In Q1 of 2024, National Dental Care (NDC) HoldCo proposed
A$303 mln deal at A$1.90 per share
    ** PSQ shareholders also voted against NDC's revised A$327.1
mln bid
    ** Last month, board members recommended that stakeholders
accept Genesis' sweetened offer - A$1.95 per share for all
shares it did not already own, valuing PSQ at A$316.4 mln
    ** Stock currently flat at A$1.955

($1 = A$1.6064)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))