Pacific Smiles Group Ltd (AU:PSQ) has released an update.
Pacific Smiles Group Ltd has urged its shareholders to reject an off-market takeover bid from Beam Dental Bidco Pty Ltd, advising that the offer falls below its previous $2.05 per share scheme and fails to acknowledge the company’s strong performance and cash generation. The directors consider the bid opportunistic, not meeting conditions that could be satisfied, and believe the company is well-positioned for future growth or capital return to shareholders.
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