Pacific Current Group scraps acquisition plans
Pacific Current Group has scrapped its plans to be acquired after bids with GQG and Regal Partners both fell through.
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Pacific Current Group has scrapped its plans to be acquired after bids with GQG and Regal Partners both fell through.
Australia's Pacific Current said it had received an offer from its biggest shareholder, River Capital, to acquire 100% shares in the company for $343.58m.
GQG Partners' attempted acquisition of Pacific Current Group (PAC) has hit a snag as the former's major shareholder River Capital imposes its own conditions and a lower offer price.
Australia's Pacific Current on Monday said it had received an offer from its biggest shareholder, River Capital, to acquire 100% shares in the company for A$541.5 million . River...
Doubt has been cast on whether GQG will acquire Pacific Current Group after it failed to receive the support of the firm’s largest shareholder.