Pacific Smiles Group Approves Takeover by National Dental Care

Pacific Smiles Group Limited (ASX: PSQ) has agreed to a takeover by NDC BidCo Pty Ltd, a subsidiary of National Dental Care's managing entity, NDC HoldCo Pty Ltd. This acquisition, valued at approximately AU$303 million, will be executed through a scheme of arrangement offering Pacific Smiles shareholders AU$1.90 per share in cash, a significant premium over recent trading prices.

Additionally, shareholders may receive up to 12 cents per share as a fully franked dividend, which would adjust the cash consideration accordingly. The Board of Pacific Smiles unanimously supports this arrangement, highlighting its financial benefits compared to a previous offer from Genesis Capital, which proposed AU$1.75 per share. The transaction is subject to shareholder approval and favorable expert analysis.

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