Australia's Pacific Smiles falls after rejection of NDC's buyout offer

Pacific Smiles

08/08/2024 06:18

** Shares of Pacific Smiles Group  PSQ.AX  fall as much as
8.4% to A$1.85, their lowest level since July 26, as trading
resumes after a trading halt earlier in the day
    ** Shares of co on track for their worst day since Nov. 23,
2023, if losses hold
    ** The dental center operator rejects A$327.1 million 
($214.48 million) takeover offer by National Dental Care (NDC)
    ** Stock has risen 38.4% this year, as of last close

($1 = 1.5251 Australian dollars)

 (Reporting by Sherin Sunny in Bengaluru)
 ((Sherin.Sunny@thomsonreuters.com))