Pacific Current Group Limited (PAC.XA)
| Previous Close | 10.01 |
| Open | 10.19 |
| Bid | 0.00 x N/A |
| Ask | 10.19 x N/A |
| Day's Range | 9.95 - 10.19 |
| 52 Week Range | 6.56 - 11.31 |
| Volume | |
| Avg. Volume | 28,666 |
| Market Cap | N/A |
| Beta (5Y Monthly) | 0.70 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.21 |
| Earnings Date | Aug 23, 2024 - Aug 27, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
UPDATE 2-Australia's Pacific Current ends buyout talks with GQG Partners and River Capital
Australia's Pacific Current Group has ended buyout talks with GQG Partners and River Capital, saying it did not receive any binding offers from the suitors. Shares of asset management company Pacific fell as much as 11.8% on Thursday to A$7.95, their lowest since July 26, while those of GQG declined 2.1% to A$1.385. GQG had offered A$567.3 million ($369.20 million) earlier this month to buy the asset management company, but failed to receive support from Pacific's largest shareholder, River Capital.
- Reuters
UPDATE 2-Australia's Pacific Current gets $359 mln takeover offer from money manager GQG
Australia's Pacific Current disclosed on Wednesday a A$567.3 million ($359.04 million) takeover bid from GQG Partners, but said the global fund manager flagged lack of support from its largest shareholder. Pacific, which serially invests in growing asset managers locally, was recently the target of a bidding war between Regal Partners and GQG, with top stakeholder River Capital lobbying for Regal. GQG has till date been unable to obtain support from River Capital, which owns around 19% stake in Pacific.
- Reuters
REFILE-UPDATE 1-Australia's Pacific Current receives $388 mln buyout offer from Regal Partners
Australia's Pacific Current Group received a non-binding buyout proposal from Regal Partners Ltd, which values the asset manager at A$573.5 million ($388.1 million), the companies said on Wednesday. Under the proposal, Pacific Current shareholders will get A$7.50 in cash per share and 2.2 shares of GQG Partners , which Regal manages, taking the total consideration to an implied value of A$11.12 per share. This represents a premium of 42.6% to Pacific Current's last close of A$7.8.
