PAC 1.17% $10.34 pacific current group limited

Ann: PAC provides update on Strategic Transaction Process, page-2

  1. 2,805 Posts.
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    Hi All

    What are thoughts here?

    Positives are:
    1. River Capital proceeding without Regal Partners.
    2. $10.50 seems to be the base price, despite complexity in deal.
    3. Doesn’t appear River Capital are serious about holding PAC boutiques for the long term, increases the probability of them making a deal to sell holding.
    4. River Capital appear to be holding out based on high shareholding %, trying to negotiate a higher price??

    Negatives are:
    1. Deal uncertainty still exists - GQG are likely to walk away than pay a higher price.
    2. Negotiations have ceased.

    Best of Luck
    Lost
 
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