(Adds details, background on buyout talks in paragraphs 2-5)
Nov 16 (Reuters) - Australia's Pacific Current Group (PAC) said on Thursday it had ended buyout talks with GQG Partners (GQG) and River Capital as it did not receive any binding offers from the suitors.
GQG had offered A$567.3 million ($369.20 million) earlier in the month to buy the asset management company, but failed to receive support from Pacific's largest shareholder, River Capital.
River Capital lobbed a separate A$541.5 million bid on Monday to buy Pacific.
But both did not result in a binding offer that could be recommended to the shareholders, Pacific said on Thursday.
"In light of this, the board has determined to conclude the strategic transaction process and dissolve the Independent Board Committee," the company said in its filing. ($1 = 1.5366 Australian dollars)
- Forums
- ASX - By Stock
- GQG
- News: GQG UPDATE 1-Australia's Pacific Current wraps up buyout discussions
News: GQG UPDATE 1-Australia's Pacific Current wraps up buyout discussions
- There are more pages in this discussion • 16 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
$2.36 |
Change
0.050(2.16%) |
Mkt cap ! $6.999B |
Open | High | Low | Value | Volume |
$2.32 | $2.38 | $2.32 | $1.195M | 507.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 24118 | $2.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.36 | 11987 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 22587 | 2.360 |
12 | 32028 | 2.350 |
9 | 26467 | 2.340 |
9 | 47799 | 2.330 |
3 | 5317 | 2.320 |
Price($) | Vol. | No. |
---|---|---|
2.370 | 63493 | 10 |
2.380 | 31790 | 11 |
2.390 | 48373 | 12 |
2.400 | 157284 | 6 |
2.410 | 2703 | 4 |
Last trade - 11.52am 02/05/2024 (20 minute delay) ? |
|
|||||
Last
$2.35 |
  |
Change
0.050 ( 2.17 %) |
|||
Open | High | Low | Volume | ||
$2.34 | $2.38 | $2.32 | 64409 | ||
Last updated 12.07pm 02/05/2024 ? |
Featured News
GQG (ASX) Chart |
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, MD & Executive Chairman
David Breeze
MD & Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online