Link (ASX:LNK) provides update on Dye & Durham's takeover bid

Company News

by Lauren Evans

Link Administration (ASX:LNK) noted that all regulatory applications have been submitted for Dye & Durham’s takeover bid, with completion expected to occur in June or July.

Under the scheme implementation deed, Link and Dye & Durham have agreed to sell Link’s banking and credit management business, after it concluded discussions with LC Financial following a takeover proposal for the business.

“Link Group is a technology driven provider of mission critical software for financial services and corporate business segments,” said Dye & Durham's chief executive officer Matthew Proud.

“This acquisition, which is fully funded, will broaden and strengthen our offering in our key markets and enable us to deliver even greater value to our customers over the long term.”

Shares in Link Administration (ASX:LNK) are trading 0.9 per cent higher at $5.14. 
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.