ASX 200: ASX to rise; eyes on oil; Macquarie embraces AI to beat the market

As the deadline for binding bids for Pacific Current Group draws closer, one question has risen to the surface: does a PAC-GQG tie-up still make sense financially? When Florida-based GQG Partners first lobbed a bid for the boutique fund manager backer in late July, countering Regal Partner’s $586 million offer, its shares were trading around $1.65.

Now, GQG is trading at 1.36, down 17.6 per cent. Strategically, nothing has changed about PAC and GQG boss Tim Carver has been out talking up a deal’s strategic merits. But, the deal is a lot more expensive for GQG as it would have to issue more scrip to pay for PAC, either by issuing more GQG shares to PAC investors or selling more shares to come up with the cash. Read more here.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Australian shares: Macquarie’s $59b equities unit embraces artificial intelligence to beat the marketBenjamin Leung and Scot Thompson are using advances in artificial intelligence to pick stocks and drive returns that outperform the index.
Sumber: FinancialReview - 🏆 2. / 90 Baca lebih lajut »