Rich Lister Raphael Geminder’s buyout bid for packaging company Pact Group has struggled to make headway, with his Kin Group entity only reaching 51.53 per cent of the target with 24 hours to go on the original offer.
Kin Group held 50.004 per cent at the start of the buyout offer launched in mid-September.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
