Business
Link investors split on merits of $2.8b takeover bid – Sydney Morning Herald
Private equity firms have launched a bid to takeover administration giant Link, but investors are split on whether it’s a good deal.
Perpetual, which owns 9.65 per cent of Link’s shares, has given the green light to the deal if it is approved within six months.
However, Link’s second largest shareholder, Yarra Capital, said the company should wait for a better offer as it was currently undervalued due to headwinds that were now “in the rear window”.
“Opportunities often arise when good companies hit a rough patch,” Yarra Capital managing director Dion Hershan said. “The offer price which has been tabled, we don’t think is a…
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