Australia's Pacific Smiles rises after revised offer from Genesis Capital

Pacific Smiles

29/07/2024 02:01

** Shares of Australia's Pacific Smiles  PSQ.AX  rise as
much as 3% to A$1.9, their highest since June 28
    ** Stock posts its biggest intraday pct gain since June 26
    ** Dental co says received revised proposal from private
equity firm Genesis Capital to buy every PSQ share it does not
currently own for A$1.90 per share 
    ** Co continues to recommend National Dental Care's (NDC)
buyout bid at the same price
    ** Co says currently assessing Genesis Capital's revised
proposal
    ** Stock had risen 26.4% this year, as of last close

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