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Link rejects Carlyle-Pacific Equity bid, remains open to talks

Oct 26, 2020 - SNL Financial

The Sydney-based superannuation administration service company said it is weighing structural alternatives for its portfolio.

Link Administration Holdings Ltd. rejected the A$5.20-per-share takeover bid made by a consortium of Carlyle Group Inc., Pacific Equity Partners and their affiliates, saying the offer materially undervalues the superannuation administration service company and is not in the best interests of its shareholders.

The Sydney-based company said it made the decision ...