Takeover bid extension details

Pacific Smiles Group (ASX:PSQ) has announced that Beam Dental Bidco Pty Ltd has extended its off-market takeover bid. The new closing date for the offer is November 29, 2024, allowing shareholders additional time to consider the proposal. This extension has been approved by Beam Dental Bidco's directors and complies with the Corporations Act.

Overview and future outlook

Beam Dental Bidco Pty Ltd is extending its offer to acquire all shares of Pacific Smiles Group, with a new deadline of November 29, 2024. This decision adheres to regulatory standards and was authorized by the company's directors. Shareholders are encouraged to review the updated offer details and consider their options using the provided acceptance methods. The extension is strategic, allowing for more shareholder engagement and decision-making. This move is critical for both companies, potentially reshaping Pacific Smiles Group's strategic path and market standing.

Executive commentary on bid extension

The extension of the offer period provides shareholders with additional time to consider our proposal. We believe this offer is in the best interest of all shareholders and are committed to ensuring they have ample opportunity to make an informed decision.