PGH 2.61% 74.5¢ pact group holdings ltd

RG’s new plans?

  1. 77 Posts.
    lightbulb Created with Sketch. 19
    RG’s $0.84 bid for PACT appears like it will be unsuccessful from a takeover point of view

    However RG has managed to buy about another 37% of shares at bargain basement price which he wouldn’t have been able to do otherwise so from this perspective it’s been a great success. Maybe this was his primary intention all along

    I think RG will just leave the $0.84 bid run until it must expire in September and try and acquire as many shares at $0.84 as he can

    After the compulsory 6 month wait following expiry of the offer I wonder what he will do?

    If RG makes a new takeover offer the bid price he will have to negotiate with the larger holders will likely be huge if he has any hope of them accepting. I don’t think RG has much of a history of making generous offers

    I’m wondering if there is any alternate way that RG can take over PACT without making a generous takeover bid? If RG just buys shares at market price under the 3% per 6 month creep rule can he achieve compulsory acquisition of PACT in this way?

 
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Last
74.5¢
Change
-0.020(2.61%)
Mkt cap ! $256.4M
Open High Low Value Volume
76.5¢ 76.5¢ 74.0¢ $25.95K 34.16K

Buyers (Bids)

No. Vol. Price($)
1 9791 74.0¢
 

Sellers (Offers)

Price($) Vol. No.
75.0¢ 654 1
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Last trade - 15.45pm 25/06/2024 (20 minute delay) ?
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