(Adds deal details, background)
Dec 21 (Reuters) - Canada's cloud-based software company Dye & Durham Ltd DND.TO said on Tuesday it will acquire Australia-listed share registry firm Link Administration Holdings Ltd (LNK) for about C$3.2 billion ($2.48 billion).
The deal will give Dye & Durham access to Link's prized 43% stake in online realty firm PEXA Group Ltd (PXA) , which listed https://www.reuters.com/article/pexa-group-ipo-idUSL3N2OD1JM on the Australian stock market in July after Link rejected a bid for the company by KKR & Co KKR.N .
Dye & Durham will offer Link A$5.50 in cash for each share, a 14.8% premium to the company's last traded price on Dec. 21, after which the stock went on a trading halt.
The bid was higher than Carlyle Group Inc's CG.O offer https://www.reuters.com/business/finance/carlyle-bids-21-bln-australias-link-2021-11-04 for Link last month. Link said it had not received any binding offers from the U.S.-based private equity firm after a period of due diligence.
Carlyle declined to comment. ($1 = 1.2908 Canadian dollars)
(Adds deal details, background) Dec 21 (Reuters) - Canada's...
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Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PXA (ASX) Chart |