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

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.

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