PAC 0.47% $10.66 pacific current group limited

The company was approached to be bought out and the price was no...

  1. 55 Posts.
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    The company was approached to be bought out and the price was no where near $10. The board turned down $7.45 but 8 weeks later had to raise cheap capital at $6.05. Maybe the due diligence that the potential acquirer had undertaken had shown a shortage of cash. Shareholders have no real understanding of the entrails of this company.
 
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