I'd say D&D will walk away based on the following excerpts from The Australian.
"Britain’s Financial Conduct Authority(FCA) on Monday night local time gave the go-ahead for D&D’s multi-billion dollar takeover of Link Group on the condition that it set aside £306m ($519m) to cover potential payouts from the collapse of a Link-administered fund three years ago.
Separately, Dye & Durham said it was considering the impact of the FCA’s condition, which could see the deal fall over due to the size of the liability.
The $519m liability is far greater than the value of LFS, which the independent expert, in the lead-up to the takeover, put at between $285m and $368m. Further, a condition of the scheme of arrangement was that if the liability was greater than what LFS could remediate, then the scheme would not proceed".
LNK Price at posting:
$3.58 Sentiment: None Disclosure: Held