Link Administration provides Update on Scheme with Dye & Durham

Link Administration Holdings Limited (ASX: LNK) has provided an update related to the proposed acquisition of Link Group by Dye & Durham Corporation via scheme of arrangement. 

Link Administration announced that it received a letter from Dye & Durham which said it was considering providing an undertaking to ACCC to get its approval.

Acknowledging this potential undertaking plus the present state of the financial markets and values of both the Link Group and the PEXA shares, Dye & Durham proposed to lessen the current offer price from $5.50 per share to $4.30 per share.

Further, Dye & Durham is not ready to make any additional amendments or alterations to the Scheme Implementation Deed and assumes that the ACCC approval, based on the contemplated undertaking, will satisfy one of the key outstanding conditions in the Scheme Implementation Deed. The proposal is subject to agreed documentation. 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au