Thanks William for all your posts and the work you have done on this. I wish I knew more about all the rules and regulations that apply. When you're a novice investor that a lot of PGH shareholders probably are it's easy to get scared by these processes used by sophisticated investors
I wonder if there are any big holders left in the Top 20 Shareholders? There is some entity called Citicorp Nominees with 11.95% but maybe this is also RG? I read that Investors Mutual Limited were apparently the second largest holder at 6.54% so maybe there are only small percentage holders left? When the $0.84 offer expires an article mentioned there may be a pause for 6 months before a higher price is offered as part of the usual takeover tactics
https://www.*********.com.au/2023/12/11/billionaire-forced-to-raise-bid-for-pact/
Another article mentioned that RG tried to do a deal with the larger PGH holders for their shares before his takeover bid. I assume it must have been a terrible deal if Investors Mutual Limited passed on it but then accepted the $0.84 offer
https://www.marketscreener.com/quote/stock/PACT-GROUP-HOLDINGS-LTD-15241826/news/Kin-Group-Pty-Ltd-cancelled-the-acquisition-of-Pact-Group-Holdings-Ltd-from-Investors-Mutual-Limited-45059138/
If there are any big holders left following the expiry of the $0.84 offer can RG do a separate deal with them for their shares and if they accept and it means he reaches 90% does anyone know would that mean for the small shareholders still holding on? Would we get the same deal for our shares?
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78.5¢ |
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Mkt cap ! $270.2M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9740 | 76.5¢ |
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Price($) | Vol. | No. |
---|---|---|
78.5¢ | 936 | 1 |
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No. | Vol. | Price($) |
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1 | 49601 | 0.760 |
1 | 1329 | 0.750 |
1 | 900 | 0.730 |
1 | 7187 | 0.705 |
Price($) | Vol. | No. |
---|---|---|
0.785 | 936 | 1 |
0.800 | 41967 | 3 |
0.845 | 1714 | 2 |
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