Perseus Delivers Binding Offer to Acquire Predictive Discovery at A$0.778 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Source: Globenewswire
- Acquisition Proposal: Perseus Mining has delivered a binding offer to acquire all issued shares of Predictive Discovery at an exchange ratio of 0.1360 new Perseus shares per Predictive share, implying a price of A$0.778 per share, which represents a 24.5% premium over Predictive's closing price on December 2, 2025, indicating strong recognition of its value.
- Board Support: Predictive's Board has unanimously determined that the offer constitutes a 'Superior Proposal', which will facilitate the transaction process and enhance shareholder confidence, further solidifying Perseus's position in the gold mining sector.
- Financing Support: Perseus has offered a binding A$37 million loan facility to assist Predictive with termination fees and operational needs, ensuring a smooth transaction and reducing financial risks associated with the acquisition.
- Strategic Fit: As the largest shareholder of Predictive, Perseus's acquisition will enhance its African gold platform, with expectations of significantly improving future earnings, cash flow, and production capacity, thereby expanding its market share.
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About PDI
PIMCO Dynamic Income Fund (the Fund) is a diversified closed-end management investment company. The Funds primary investment objective is to seek current income and secondary objective is capital appreciation. The Fund normally invests worldwide in a portfolio of debt obligations and other income-producing securities of any type and credit quality, with varying maturities and related derivative instruments. The Fund’s investment universe includes mortgage-backed securities, investment grade and high-yield corporates, developed and emerging markets corporate and sovereign bonds, other income-producing securities, and related derivative instruments. The Fund normally invests at least 25% of its total assets in privately issued (non-agency) mortgage-related securities. The Fund may normally invest up to 40% of its total assets in securities of issuers economically tied to emerging market countries. Pacific Investment Management Company LLC serves as the Fund’s investment manager.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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