Australia's Pacific Smiles rises as it finds Genesis Capital's offer superior

Pacific Smiles

31/07/2024 06:54

** Shares of Pacific Smiles Group  PSQ.AX  rise as much as
2.4% to A$1.930, hitting their highest level since June 27
    ** Stock set for fourth session of gains
    ** Dental centres operator says private equity firm Genesis
Capital's revised takeover offer superior to offer from National
Dental Care (NDC) 
    ** Co said in discussions with NDC, which has until end of
Aug. 1 to match or top Genesis Capital's offer
    ** On Monday, Genesis Capital raised its offer for Pacific
Smiles to A$303 mln($196.37 mln)
    ** Stock has risen 29.1% this year, as of last close


($1 = 1.5430 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))