Business
Takeover tussle can put a rocket under Link – The Australian Financial Review
Link’s surging share price following a fresh takeover bid is vindication for its board. But how much more value can it extract from its two suitors?
PEP knows the business intimately, having floated it on the ASX in 2015, while Carlyle is believed to have put in months of work to get to this point, including a period of due diligence granted by the Link board in late October. Is it really going to throw in the towel now for the sake of 25¢ a share?
In the blue corner, SS&C looms as the committed trade buyer that private equity firms always fear in these sorts of auctions.
The Nasdaq-listed group operates in 35 countries and would know Link well;…
-
General16 hours agoAs Iran-Australia relations plunge to a new low, Tehran faces another diplomatic setback
-
Noosa News13 hours agoBrisbane nation’s third-youngest capital; Leaders condemn anti-immigration rally
-
Noosa News21 hours agoQld nurses poised to strike deal with Crisafulli government
-
General24 hours agoPolice offer ‘surrender plan’ to Dezi Freeman as fugitive avoids capture for another day