PGH 1.27% 77.5¢ pact group holdings ltd

RG’s $0.84 bid for PACT appears like it will be unsuccessful...

  1. 77 Posts.
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    RG’s $0.84 bid for PACT appears like it will be unsuccessful from a takeover point of view

    However RG has managed to buy about another 37% of shares at bargain basement price which he wouldn’t have been able to do otherwise so from this perspective it’s been a great success. Maybe this was his primary intention all along

    I think RG will just leave the $0.84 bid run until it must expire in September and try and acquire as many shares at $0.84 as he can

    After the compulsory 6 month wait following expiry of the offer I wonder what he will do?

    If RG makes a new takeover offer the bid price he will have to negotiate with the larger holders will likely be huge if he has any hope of them accepting. I don’t think RG has much of a history of making generous offers

    I’m wondering if there is any alternate way that RG can take over PACT without making a generous takeover bid? If RG just buys shares at market price under the 3% per 6 month creep rule can he achieve compulsory acquisition of PACT in this way?

 
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77.5¢
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78.5¢ 78.5¢ 77.0¢ $27.80K 35.72K

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No. Vol. Price($)
2 5926 77.0¢
 

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Price($) Vol. No.
81.0¢ 549 1
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Last trade - 16.10pm 14/06/2024 (20 minute delay) ?
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