Fifth time lucky? Link Group CEO says he’s up for another merger deal

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After an epic $2.5 billion deal with a Canadian suitor fell over, Vivek Bhartia is still ready to sell all or parts of Link. But he’s in no hurry.

| Financial services conglomerate Link Group is ready to consider more takeover approaches for all or parts of its tentacular array of businesses despite the company reeling after a fourth merger attempt fell over on Friday.Durham collapsed, Link CEO Vivek Bhatia said the board would now “need to evaluate alternatives”.

“We want to make sure that we are considered in the processes, and there is no rush in us to jumping onto a decision or a conclusion,” he said. “[And we] needed a reasonable basis to book conditional liability, but we didn’t really have any until a couple of weeks ago – the first time we saw the numbers.”

 

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