(Adds details of offer, share performance this year)
Oct 12 (Reuters) - Link Administration Holdings Ltd (LNK) said on Monday it received a conditional A$2.76 billion ($2 billion) takeover offer from private equity firms Carlyle Group CG.O and Pacific Equity Partners.
The non-binding offer of A$5.2 a share is at a 30.3% premium to the shareholder registry firm's last closing price and has the support of Perpetual Ltd (PPT) , who owns 9.7% of the company.
Link, which also provides services to fund managers and trading firms, has lost nearly a third in value since the start of the year and swung to a loss in August, as the COVID-19 pandemic wrecked havoc across markets.
The company said it would consider the offer but asks shareholders not to take any action yet.
Carlyle and Pacific Equity Partners did not immediately respond to a request for comment.
It has appointed Macquarie Capital and UBS as its financial advisers. ($1 = 1.3833 Australian dollars)
News: PPT UPDATE 1-Carlyle, Pacific Equity offer $2 bln for Australia's Link
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Last
$19.38 |
Change
-0.160(0.82%) |
Mkt cap ! $2.222B | |||
| Open | High | Low | Value | Volume |
| $19.60 | $19.78 | $19.35 | $4.324M | 221.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 594 | $19.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.42 | 461 | 3 |
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| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| PPT (ASX) Chart |