Business
ASX 200 rises 1.5% on Monday 3 January 2021
The S&P/ASX 200 Index (ASX: XJO) went up 1.5% today to 6,684 points.
Here are some of the highlights on the ASX today:
Link Administration Holdings Ltd (ASX: LNK)
The Link share price fell by 13.5% after making an announcement today regarding the takeover offer.
A month ago the company received a conditional, non-binding indicative takeover proposal from SS&C Technology Holdings to acquire 100% of the shares in Link.
However, on 3 January 2021, Link received a letter from SS&C stating it has withdrawn its takeover offer.
The Link board said it will continue to consider all alternatives to maximise value for shareholders. One of the things that Link is considering a potential separation through a merger of its interest in Torrens…
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