Business
Link (ASX:LNK) share price on watch after receiving second takeover approach
The Link Administration Holdings Ltd (ASX: LNK) share price will be on watch on Tuesday following the release of an announcement after the market close yesterday.
What did Link announce?
On Monday afternoon Link announced that it has received a new unsolicited takeover approach, potentially sparking a bidding war.
According to the release, SS&C Technology has tabled an offer of $5.65 per share. This represents a 13.9% premium to Link’s last close price. This offer price assumes no further dividends, distributions, or reductions in capital.
SS&C Technology is a NASDAQ listed global provider of investment and financial software-enabled services and software for the financial services and healthcare industries.
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