Link Group shareholders approve $2.46b takeover by Canada's Dye & Durham

 Shareholders of Australia’s largest provider of superannuation fund and share administration services Link Group (ASX: LNK) have voted in favour of a $2.46 billion takeover offer from Canadian software group Dye & Durham.

The vote paves the way for Dye & Durham to assume control of Link by the end of September after it was revealed that the bidder’s biggest hurdle, approval by the Australian Competition and Consumer Commission (ACCC), has been all but secured after the Canadian company had agreed to sell its existing Australian operations.

The Link board unanimously recommended shareholders accept Dye & Durham’s base offer of $4.81 a share after it was increased from an earlier bid of $4.57 a share.

Read More: https://www.businessnewsaustralia.com/articles/link-group-shareholders-approve--2-46b-takeover-by-dye---durham.html




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