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2.55%

76.5¢ pact group holdings ltd

Finally managed to update my position to hold.I don't see him...

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leasx

3,103 Posts.

309

11/03/24

17:13

Post #: 72844284
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Originally posted by BenMcG: ↑

hi Leasx, if he makes a new bid for the company there are a whole new set of conditions he needs to meet to be successful and obtain compulsory acquisition. I think Richard mentioned he needs to acquire at least 75% of all remaining shares he doesn’t already own in order to be successful. Unless he offers a generous bid price that the larger holders are happy with I think a new bid is also unlikely to be successful

Therefore I am wondering if there are any other ways he can reach compulsory acquisition and take over PACT without making a bid

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Finally managed to update my position to hold.

I don't see him rebidding unless he already has consensus with the major holders but if they're happy with 30-40% more it would be crazy for him not to bid that given how immaterial it is versus the upside in the years to come. No point for him to do anything until the bid lapses though come September because there will be more retail shareholders that just give into his demands and he picks those shares up at a major discount to fair value.

PGH Price at posting: 84.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 76.5¢		Change -0.020(2.55%)		Mkt cap ! $270.2M

Open	High	Low	Value	Volume
76.0¢	76.5¢	76.0¢	$914	1.202K

Buyers (Bids)

No.	Vol.	Price($)
1	8800	76.0¢

Sellers (Offers)

Price($)	Vol.	No.
77.5¢	1398	3

View Market Depth

No.	Vol.	Price($)
1	8800	0.760
1	133	0.755
1	12477	0.750
1	49601	0.740
1	1000	0.730

Price($)	Vol.	No.
0.775	1398	3
0.780	82	2
0.785	2	1
0.800	46780	5
0.845	414	1

Last trade - 11.11am 26/07/2024 (20 minute delay)

PGH (ASX) Chart