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Pacific Smiles Group Ltd Faces Takeover Bid by Beam Dental Bidco

Story Highlights
  • Pacific Smiles focuses on providing dental services through its clinics in Australia.
  • Beam Dental Bidco offers $2.20 per share in an unconditional takeover bid for Pacific Smiles.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Pacific Smiles Group Ltd Faces Takeover Bid by Beam Dental Bidco

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The latest announcement is out from Pacific Smiles Group Ltd ( (AU:PSQ) ).

Pacific Smiles Group Ltd has announced that Beam Dental Bidco Pty Ltd is making an unconditional all-cash off-market takeover bid to acquire all shares it does not already own in the company at $2.20 per share. The Independent Board Committee of Pacific Smiles has recommended shareholders accept the offer, deeming it fair and reasonable in the absence of a superior proposal, as supported by an Independent Expert’s Report.

The most recent analyst rating on (AU:PSQ) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Pacific Smiles Group Ltd stock, see the AU:PSQ Stock Forecast page.

More about Pacific Smiles Group Ltd

Pacific Smiles Group Ltd operates in the healthcare industry, primarily focusing on dental services. The company provides dental care through its network of clinics across Australia, aiming to offer accessible and affordable dental services to the community.

Average Trading Volume: 2,363

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$352.3M

See more insights into PSQ stock on TipRanks’ Stock Analysis page.

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