Pacific Smiles Group (ASX: PSQ) has received an off-market takeover bid from Beam Dental Bidco Pty Ltd. The offer is unconditional, with Bidco holding a 32.93% voting power. The bid closes on November 29, 2024, unless extended.
Beam Dental Bidco Pty Ltd has launched a takeover bid for Pacific Smiles Group, seeking to acquire all ordinary shares. The bid, which is unconditional, is scheduled to close on November 29, 2024. Bidco currently holds 32.93% of the voting power. The offer could be extended if Bidco's voting power reaches 50% or if a competing offer emerges. This bid is part of Beam Dental's strategy to consolidate its position in the dental services market, leveraging Pacific Smiles' established presence.
The offer is free from all defeating conditions and is wholly unconditional as of November 11, 2024. Bidco holds a voting power of 32.93% in Pacific Smiles.