Link is also looking at alternative plans in case the deal falls through
Australia’s Link Administration said on Monday it will not recommend Canadian cloud-based software firm Dye & Durham Ltd.’s lowered takeover bid but agreed to continue to engage with it on hopes of securing a better offer.cut its offer by nearly a quarter to A$2.21 billion , citing a drop in market valuation, only days after Australia’s competition regulator raised concerns that D&D’s acquisition of Link’s near 43% stake in PEXA Group would hurt rivals’ ability to compete.
“Link Group will postpone the scheme meeting ... to a date to be determined” to allow D&D to present an undertaking to the competition regulator, it said.
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