In today’s briefing:
- Pacific Smiles (PSQ AU): Genesis Returns To Dislodge Co-Founder
Pacific Smiles (PSQ AU): Genesis Returns To Dislodge Co-Founder
- Earlier this year, Genesis Capital secured ~89..27% in Pacific Smiles (PSQ AU), an operator of dental centers, via a A$1.90/share tendering Offer. Co-founder Alison Hughes resolutely maintained her 10.01% stake.
- PSQ has now announced Genesis has returned to the well with a A$2.20/share unconditional Offer.
- That’s a solid 37.5% premium to last close. And within the IE’s revised fair value range of A$2.13-A$2.56/share, who declared termns fiar and reasonable.
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