Pacific Smiles Group Ltd (AU:PSQ) has released an update.
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Pacific Smiles Group is undergoing significant changes as Genesis Bidco, a subsidiary of Genesis Capital, gains a controlling interest of 61.5% and plans to reconstitute the Board with new directors, including Dr. Michael Caristo as Chairman. The current Board encourages shareholders to accept Genesis Bidco’s cash offer, as they believe the risks of holding Pacific Smiles shares now outweigh the benefits under the new control. Shareholders should act promptly, as the offer is set to close soon.
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