As previously announced, the IBC considered that the conditional proposal from GQG for the acquisition of 100% of the issued shares of PAC for $11.00 in cash consideration per PAC share (GQG Proposal) should be taken to shareholders subject to meeting the conditions of the offer. However, the GQG Proposal was conditional on the support of a key shareholder which they did not receive.
After considering other potential strategic alternatives, the PAC Board has determined that the process of reviewing strategic transactions to sell PAC’s entire business has not resulted in a binding offer for PAC that can be recommended to PAC shareholders. In light of this, the PAC Board has determined to conclude the strategic transaction process and dissolve the IBC.
Pacific Current notes that the strategic transaction process, including the GQG Proposal, has highlighted the underlying value inherent in PAC's portfolio of assets. The PAC Board remains committed to maximising value for all shareholders, including the consideration of any value accretive proposals that may be presented to Pacific Current in the future.
Ann: PAC: PAC concludes Strategic Transaction Process, page-2
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Last
$2.52 |
Change
0.150(6.33%) |
Mkt cap ! $7.442B | |||
| Open | High | Low | Value | Volume |
| $2.41 | $2.55 | $2.41 | $14.09M | 5.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 4 | 17730 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.52 | 79137 | 2 |
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| Last trade - 16.10pm 22/05/2024 (20 minute delay) ? |
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Last
$2.52 |
Change
0.150 ( 2.75 %) |
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| Open | High | Low | Volume | ||
| $2.41 | $2.55 | $2.41 | 394637 | ||
| Last updated 15.59pm 22/05/2024 ? | |||||
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