Rich Lister Raphael Geminder poised to snare Pact
Simon EvansSenior reporter
Melbourne businessman Raphael Geminder is set to win full control of ailing packaging company Pact Group as a steady stream of acceptances arrives after a buyout offer was increased on December 11.
Mr Geminder’s privately owned Kin Group told the ASX yesterday it had lifted its stake to 85 per cent, and would speed up payment to shareholders who accepted the 84¢-a-share bid.
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