Business
Carlyle, PEP lift Link bid, set deadline – The Australian Financial Review
The private equity consortium is demanding access to Link’s books by 5pm on Wednesday after lifting its cash proposal to $5.40 per share.
Carlyle and PEP are demanding six weeks of due diligence and have told the Link board that if they are not granted access by 5pm on Wednesday they will withdraw the buyout proposal.
They say they need access to the inner workings of Link to advance the proposal and obtain finance.
The Link board advised shareholders to take no action. Link is scheduled to hold its annual general meeting on Tuesday.
On October 23, Link said it would consider spinning off its 44 per cent stake in the PEXA electronic…
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