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Australia's Link turns down Carlyle, Pacific Equity's $2 bln offer

Oct 22, 2020 - Nasdaq

Oct 23 (Reuters) - Link Administration Holdings on Friday rejected an A$2.76 billion ($1.96 billion) takeover offer from private equity firms Carlyle Group and Pacific Equity Partners, but said it was willing to continue talks over the bid.

Link, which also provides services to fund managers and trading firms, said it was looking at potentially spinning-off its stake in PEXA, an online property transaction firm, into a separate listed company. ($1 = 1.4053 Australian dollars) (Reporting b...