A proposal dated 10 October 2020 from Pacific Equity Partners, Carlyle Group and others - indicative cash price of $5.20 per share.
Link response 23 October 2020 (in part): "the Board has unanimously concluded that the Proposal, as presented, materially undervalues Link Group on a control basis and is not in the best interests of the shareholders".
Yeah, good one guys! Am not bitter, just sick of it.
Let's have an AGM now. We the shareholders, are the ones who have carried the economic risk through the last financial year and now deserve to receive a Final Dividend.
I doubt we will get a Final Dividend now, with the emerging FCA claim on LFS potentially turning a contingent (vigorously defendable) liability into a very real one. Hopefully I am wrong.
LNK Price at posting:
$3.47 Sentiment: Hold Disclosure: Held
