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Dye & Durham revises takeover offer for Link Administration again

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TORONTO — Dye & Durham Ltd. has revised its offer for Australian company Link Administration Holdings Ltd. again.

The company says it is now offering up to A$4.70 per share including A$4.57 per share plus up to 13 cents per share for the proceeds from the sale of Link Group's banking and credit management business.

Last month, Dye & Durham cut its offer to A$4.30 per share, down from its proposal of A$5.50 per share in December.

Dye & Durham says it believes that this second revised proposal will give greater certainty to Link Group shareholders regarding the transaction and will lead to its successful completion.

The Toronto-based company has said 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 last month that it had significant preliminary competition concerns with the deal.

This report by The Canadian Press was first published July 7, 2022.

Companies in this story: (TSX:DND)

The Canadian Press

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