Sept 28 (Reuters) -
Australia's Regal Partners RPL.AX said on Thursday it had formally withdrawn its A$573.5 million ($364.34 million) non-binding proposal to acquire asset manager Pacific Current Group PAC.AX.In July, Regal had offered to buy Pacific Current for A$7.50 per share in cash and 2.2 shares of GQG Partners GQPIL.PK, which Regal manages.
"Regal has been consistently disappointed with the engagement by the Pacific Current board since its initial NBIO (non-binding indicative proposal) in March," the company said in a statement.
Regal said it remained a substantial shareholder in Pacific Current and that it maintained its view that an acquisition could provide strategic benefits to both companies.
Pacific Current did not immediately respond to a Reuters' request for comment.
- Forums
- ASX - By Stock
- GQG
- Australia's Regal Partners withdraws buyout offer for Pacific Current Group
Australia's Regal Partners withdraws buyout offer for Pacific Current Group
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GQG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$2.50 |
Change
-0.080(3.10%) |
Mkt cap ! $7.383B |
Open | High | Low | Value | Volume |
$2.60 | $2.60 | $2.48 | $8.542M | 3.394M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3549 | $2.49 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.50 | 2443 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3549 | 2.490 |
20 | 61230 | 2.480 |
6 | 36126 | 2.470 |
9 | 44884 | 2.460 |
13 | 47012 | 2.450 |
Price($) | Vol. | No. |
---|---|---|
2.500 | 2443 | 1 |
2.510 | 1000 | 1 |
2.530 | 25100 | 2 |
2.550 | 7081 | 1 |
2.570 | 100 | 1 |
Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
Featured News
GQG (ASX) Chart |