Because it is reliant upon selling a number of the boutiques to GQG in order to fund paying $10.50 cash.
GQG have said they aren't willing to do that & have ceased discussions with River Capital.
If River Capital can find the funding elsewhere to pay the $10.50 then it may proceed but as they didn't stump up the cash & then shop around the boutiques after completion that suggests to me they don't have access to the funding.
I'm just releaved that GQG have given up talking to River Capital & that's killed their bid, unless River Capital give up & agree to sell.to GQG.
Ann: PAC provides update on Strategic Transaction Process, page-6
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Last
$10.31 |
Change
0.030(0.29%) |
Mkt cap ! $531.7M | |||
| Open | High | Low | Value | Volume |
| $10.28 | $10.38 | $10.28 | $98.01K | 9.489K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3885 | $10.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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Last
$10.33 |
Change
0.030 ( 0.58 %) |
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| Open | High | Low | Volume | ||
| $10.28 | $10.39 | $10.28 | 884 | ||
| Last updated 15.57pm 17/06/2024 ? | |||||
| PAC (ASX) Chart |
