Dye & Durham weighs abandoning $3.2 billion deal for data company Link: sources

The Toronto-based firm may not table a new offer for the Australian pension fund management platform after its revised bids were rejected, according to the people, who asked not to be identified as the matter remained confidential.

No final decision has been made and Dye & Durham could still proceed with its pursuit of Link, the people said. Representatives for Dye & Durham and Link declined to comment. Shares of Link slumped as much as 5.7 per cent in their biggest decline in nearly four weeks after the Bloomberg News report, giving it a market value of about US$1.3 billion.

Link has rejected Dye & Durham’s takeover offer for the second time in as many weeks after the Canadian company attempted to revise down the price of an earlier agreed deal dating back to December for A$5.50 per share.Article content

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Dye & Durham weighs abandoning $3.2B deal for data company Link: sourcesThe Australian pension fund management platform recently rejected a revised offer from the Toronto\u002Dbased suitor: Read on
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »

Dye & Durham weighs abandoning $3.2B deal for data company Link: sourcesThe Australian pension fund management platform recently rejected a revised offer from the Toronto\u002Dbased suitor: Read on
Источник: nationalpost - 🏆 10. / 80 Прочитайте больше »