News: PSQ UPDATE 1-Australia's Pacific Smiles shareholders reject NDC's $215 mln buyout offer

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Aug 8 (Reuters) - Australia's Pacific Smiles (PSQ) said on Thursday its shareholders have voted against National Dental Care's (NDC) A$327.1 million ($214.5 million) takeover offer.

NDC had been vying with U.S.-based private equity firm Genesis capital for control of the dental company.

Shares of Pacific Smiles fell as much as 2.7%, their biggest decline since June 27.

Earlier this month, the company had recommended NDC's offer over Genesis Capital's previous A$303.2 million bid.

"It is unclear if the Genesis revised proposal remains available for the Board to pursue on the same terms or at all if today’s vote is unsuccessful", Pacific Smiles chairperson Zita Peach said before the vote.

In a statement, the company said it remains open to exploring alternative transactions.

Genesis Capital did not immediately respond to Reuters' request for comments.

($1 = 1.5246 Australian dollars)