Pacific Current favours GQG in takeover bid
GQG has emerged as the superior offer in a bid to acquire Pacific Current Group with a non-binding indicative offer of $11 per share but is yet to achieve the support of its largest shareholder.
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GQG has emerged as the superior offer in a bid to acquire Pacific Current Group with a non-binding indicative offer of $11 per share but is yet to achieve the support of its largest shareholder.
The funds management group says GQG offered $11 per share, but was unable to convince its largest shareholder, which had lobbed its own bid with Regal Partners.
Regal Partners has finally landed a deal, taking a 50 per cent stake in Taurus Funds Management that it says will spread its alternative asset bets.
Regal Partners has confirmed in an ASX statement that it is in discussion to potentially acquire PM Capital, a month after the firm pulled its bid to acquire Pacific Current Group.
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