June 2024
Rich Lister Geminder plans board shake-up if Pact bid falls short
Raphael Geminder may need to wait until June next year to try to delist the underperforming Pact Group, as his takeover bid closes after 13 extensions in nine months.
- Simon Evans
February 2024
Loscam warms up for bigger-and-better comeback; expect $200m EBITDA
Loscam ANZ is headed towards the auction block with its Asian business in tow.
- Sarah Thompson, Kanika Sood and Emma Rapaport
January 2024
South Africa’s genocide case sparks Sharma, Baird, Geminder blow up
Liberal Senator Dave Sharma has taken aim at Cricket Australia chairman Mike Baird, urging the former NSW premier to take action against Cricket South Africa, after accusing them of antisemitism.
- Patrick Durkin
December 2023
Raphael Geminder lobs higher offer in bid to take Pact Group private
The packaging company’s board has recommended shareholders accept the billionaire’s new proposal after previously urging them to reject a lower offer.
- Kylar Loussikian
November 2023
Rich Lister shuts down questions on his own takeover bid
Pact Group, chaired by Raphael Geminder, suffered a heavy protest vote on its executive pay with a first strike recorded.
- Simon Evans
Slow going for Rich Lister Geminder in Pact buyout
Raphael Geminder was at the Melbourne Cup on Tuesday, with his buyout bid for the rest of Pact making little headway.
- Simon Evans
October 2023
Rich Lister angry over independent expert’s Pact valuation
Raphael Geminder’s Kin Group, which is trying to buy out the rest of the packaging group, says the Middle East conflict will make things tougher for Pact.
- Simon Evans
Takeover target Pact cuts 175 jobs, pursues asset sales
Rich Lister Raphael Geminder’s miserly buyout offer for the packaging group is struggling to gain traction.
- Simon Evans
Billionaire’s buyout offer for Pact labelled too cheap
Independent directors say Raphael Geminder’s offer is opportunistic, with the shares, valued between $1.06 and $1.51, being well under a 68¢ a share bid.
- Simon Evans
September 2023
- Opinion
- Chanticleer
Geminder joins deal-making billionaires as they charge into battle
Rich Lister Raphael Geminder’s move to take Pact Group private is pitched as a way to end minority shareholders’ pain.
- Anthony Macdonald
October 2022
Rich Lister makes a Pact on recycling
Raphael Geminder owns 47 per cent of the packaging group, which is investing $75m over three years to step up its green push.
- Simon Evans
March 2022
Geminder talks to PE about Loscam’s pallets
Melbourne businessman and AFR Rich List-er Ruffy Geminder is thinking about Loscam Australia, but he isn’t necessarily going to try and do it alone.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2022
Pact Group gets out of hand sanitiser
We may well be witnessing the unwinding of the great hand sanitiser arbitrage.
- Joe Aston
September 2021
- Exclusive
- Manufacturing
Purearth Foods looks to plant-based and pet milks for its future
When new chief executive Bevan Tippett joined, the dairy and plant-based beverage manufacturer needed a revamp. It now has made its maiden profit.
- Carrie LaFrenz
May 2021
Takeover target McPherson’s eyes new markets
Takeover offers for McPherson’s are “opportunistic”, shareholders say, particularly in light of ambitious new sales and profit growth targets.
- Sue Mitchell
McPherson’s shareholders on tenterhooks
Ruffy Geminder’s $172 million offer expired on Monday and there’s been no update on a $205 million indicative offer from Arrotex.
- Sue Mitchell
April 2021
Geminder bid for McPherson’s pipped by counter offer
Pharmaceutical company Arrotex has offered $1.60 a share, 19 per cent above Ruffy Geminder’s $1.34 offer, and has been granted access to due diligence.
- Updated
- Sue Mitchell
Ruffy Geminder steps up pressure on McPherson’s
The packaging mogul says his offer is final but left the door open to extending the on-market bid.
- Sue Mitchell
Under pressure McPherson’s tells shareholders to sit tight
The takeover target is urging shareholders to wait for the outcome of an operational review before they consider accepting Ruffy Geminder’s ‘utterly opportunistic’ bid.
- Updated
- Sue Mitchell
March 2021
McPherson’s kicks off Geminder defence with new CEO
The consumer products company appointed a permanent CEO and flagged plans to take more brands offshore to reinvigorate growth.
- Sue Mitchell