It’s Groundhog Day at takeover target Pacific Smiles as shareholders line up behind its latest suitor.
Street Talk understands fund manager Spheria Asset Management intends to lend its considerable support to Genesis Capital’s new offer in the absence of a superior proposal.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
