Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
I don't understand. What's the go between Regal Partners (RPL) and GQG Partners (GQG) offer to take over PAC? Why would RPL offer to pay with GQG shares & dilute their potential holding. When would we expect the next move
Hi Paul,
A fascinating bidding war looks set to unfold between GQG Partners (GQG) and Regal Partners (RPL) for Pacific Current Group (PAC) – the latter has seen its market cap jump by over 45% since late July to above $570mn on Friday afternoon.
The story is an interesting tale with GQG whose now valued above $5bn was initially backed by PAC after listing in 2021, ironically RPL’s bid is in the form of 2.2 GQG shares and $7.50 cash illustrating the respective cross ownerships at play.
At this stage we’ve heard no specific terms from GQG but more water appears likely to go under this particular bridge, the game is afoot!
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