“Link Shares Jump 27% on Pacific Equity, Carlyle Group Takeover Proposal”
October 12, 2020
“Link Administration Holdings Ltd, an Australia-based provider of services in superannuation administration industry, said it has received a conditional A$2.76 billion proposal from a consortium comprising Pacific Equity Partners, Carlyle Group to acquire 100% of the stake, sending its shares up 27% to A$5.1 on Monday.
The non-binding offer of A$5.20 a share is at a 30.3% premium to the shareholder registry firm’s last closing price and has the support of Perpetual Ltd, which owns 9.7% of the company, Reuters reported…”
https://finance.yahoo.com/news/shares-jump-27-pacific-equity-052605350.html