Dye & Durham announced its deal to buy Link Group in December last year for $3.2 billion
Link Administration Holdings Ltd. says Dye & Durham Corp. has proposed to cut its takeover offer for the company.
The Australian company says Dye & Durham wants to reduce its offer to A$4.30 per share compared with an earlier offer of A$5.50 per share. Link Group says its board will consider the request and consult with its financial, legal and tax advisers.The Toronto-based company said at the time the acquisition would expand its customer base in key U.K. and Australian markets and strengthen its business-to-business software and information service solutions.
The Australian Competition and Consumer Commission said earlier this month that it had significant preliminary competition concerns with the deal. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dye & Durham lowers Link Administration takeover offer by a quarterDye & Durham’s new proposal comes days after Australia’s competition regulator raised concerns about the takeover offer
Read more »
Link Group says Dye & Durham wants to cut takeover offer for companyLink Administration Holdings Ltd. says Dye \u0026amp\u003B Durham Corp. wants to reduce its offer for the firm from A$5.50 per share to A$4.30 per share.
Read more »
Rodeo group in Alberta sorry for float that critics say was racistThe man in the turban and beard was meant to depict federal NDP Leader Jagmeet Singh as a Liberal lapdog
Read more »
Rodeo group in Alberta sorry for float that critics say was racist | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
Read more »
Link Group says Dye & Durham wants to cut takeover offer for companyLink Administration Holdings Ltd. says Dye \u0026amp\u003B Durham Corp. wants to reduce its offer for the firm from A$5.50 per share to A$4.30 per share.
Read more »
Dye & Durham lowers Link Administration takeover offer by a quarterDye & Durham’s new proposal comes days after Australia’s competition regulator raised concerns about the takeover offer
Read more »