Business
Yarra says Carlyle, PEP $3.8b tilt for Link too cheap – The Australian Financial Review
The second biggest holder in investor services group Link says the P-E offer isn’t compelling, which contrasts with the views of No.1 stakeholder Perpetual.
The Link board on Monday told shareholders to take no action after it received a “conditional, non-binding, indicative proposal from a consortium comprising Pacific Equity Partners, Carlyle Group and their affiliates” through a scheme of arrangement proposal.
It also represents a back-to-the-future moment for PEP, which owned Link for a decade before floating it onto the ASX in 2015 at a share price of $6.37.
The $5.20-per-share proposal gives an enterprise value of $3.8 billion to Link, taki…
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