Every year, there’s a bolt-from-the-blue M&A tussle that hits fever pitch – a scrap over something completely unexpected.
This year’s is dental centres owner Pacific Smiles, the sort of $300 million small cap that’s only really hit the headlines twice in the past decade; its float in 2014 and when its jacked-off founder/shareholder tried to roll the board nearly two years ago.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
