Australia’s Pacific Smiles said on Monday that it had received a sweetened buyout offer from US-based private equity firm Genesis Capital, valuing the dental firm at A$316.4 million ($208.51 million).
Genesis raised its all-cash offer to A$1.9825 per share from A$1.90 a piece announced in September, among other options.
Pacific Smiles‘ board is currently considering the new offer, the company said.
Meanwhile, Genesis, which was competing with rival bidder National Dental Care’s A$327.1 million takeover offer, said that the revised offer was its best and final offer.
Reuters
