US Markets
CG

Link Administration says Carlyle consortium offer not of 'compelling value'

Contributors
Soumyajit Saha Reuters
Nikhil Kurian Nainan Reuters
Published
Credit: REUTERS/ISSEI KATO

Australian shareholder registry firm Link Administration Holdings Ltd on Wednesday said it did not see "compelling value" in a sweetened A$2.87 billion ($2.05 billion) takeover offer from Carlyle Group and Pacific Equity.

Oct 28 (Reuters) - Australian shareholder registry firm Link Administration Holdings Ltd LNK.AX on Wednesday said it did not see "compelling value" in a sweetened A$2.87 billion ($2.05 billion) takeover offer from Carlyle Group CG.O and Pacific Equity.

However, the company agreed to provide due diligence information to the consortium on a non-exclusive basis, in the hopes that it would lead to a proposal it could recommended to shareholders.

($1 = 1.4027 Australian dollars)

(Reporting by Soumyajit Saha and Nikhil Kurian Nainan in Bengaluru; Editing by Sam Holmes)

((Soumyajit.Saha@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CG

Latest Markets Videos

    See more videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More

    More from Reuters

    Explore US Markets

    Explore

    Most Popular