$TRUMP
$XAU
#IMFSaysElSalvadorBTCNoPublicFunds #IranSaysItHit3USShips3Tankers #RussiaUkraineTradeStrikesKushnerWitkoffToKyiv #EightChineseFinancialFirmsRaise360BYuan #USIranTradeTankerStrikesEscalate Pacific Current shares rise in Australia
after takeover offer rejection
Shares of Australian asset management group Pacific Current Group (ASX:PAC) rose on Monday after the company disclosed that it had rejected an initial takeover proposal from Roc Partners, saying the offer did not reflect the company’s fair value.

Pacific Current said it received the confidential, non-binding and conditional proposal from the unlisted Roc in May. The proposal included a different consideration for shareholders and was largely funded from Pacific Current’s own cash assets.

The Sydney-listed company’s shares rose 2.1% to A$11.29 by 07:28 a.m.