Australia's Link Group rejects PEP, Carlyle buyout offer
Australia-based financial data and fund administration services provider Link Group has rejected a A$2.7 billion ($1.97 billion) buyout offer from Pacific Equity Partners (PEP) and The Carlyle Group, saying it materially undervalues the company.
On October 12, the two private equity firms proposed a scheme of arrangement to acquire Link for A$5.20 per share, a 30.3% premium to the previous close. The stock spiked to A$5 in response to the offer...
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