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Private equity-target Pacific Smiles may extract rival proposal, sources say

The ASX-listed dental clinic operator knocked back a $223 million buyout proposal from Genesis Capital in December.

PSQ ASX: Dental clinic group Pacific Smiles rejected a $223 million bid from private equity group Genesis Capital, but the door is still ajar if the predator can muster a higher offer

The board of Pacific Smiles, which runs 120 dental clinics, rejected a $1.40 per share offer as too low, but will give Genesis Capital a chance to improve its bid.

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