The proposal for SS&C technology stocks announced in October 2020 offered $ 5. 65 per share for 100% of Link through an agreement based on the original offer of $ 4. 96 was rejected by Link.
In an announcement to the ASX, Link said she had received a letter from SS&C stating that she had withdrawn her proposal.
« The Link Group’s board of directors will continue to review all alternatives to maximize value for shareholders, » said Link.
« As previously announced, this includes a possible separation through a split in Link Group’s stake in Torrens Group Holdings (TGH) (and its core assets PEXA). . «
Link said if there are material developments in the future it will continue to inform shareholders as necessary as part of its ongoing disclosure developments.
Link previously announced the updated $ 5 proposal. 65 that had been offered were carefully examined but were of the opinion that they did not represent convincing value to the company.
She said she continued to provide due diligence information to SS&C so that it could move forward on her proposal.
Link announced that access to due diligence information would result in SS&C making a proposal that it could recommend to its shareholders.
Link Administration Hldgs, SS&C Technologies, ASX, Finance, ASX: LNK, Share, NASDAQ
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