Pacific Current Group Terminates Acquisition Discussion

  • Oct 29, 2019 AEDT
  • Team Kalkine

Pacific Current Group Limited (ASX: PAC) reported that the discussion with a US asset management firm was terminated, relating to an unsolicited, non-binding and indicative proposal to acquire 100% of PAC at $7.425 per share.

  • The interested party had completed the due diligence.
  • The proposal was unchanged at $7.425 less any dividend paid.
  • The Board said that the proposal is not sufficiently attractive, following consultations.
  • The Board remains committed to pursue its strategy to deliver shareholder value.

At market close on 29 October 2019, PAC quoted $6.94, up by 2.3%.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK