POWERED BY MOMENTUM MEDIA
SS&C launches takeover bid for Link
Big publicly-listed administrator, Link Administration Holdings has received another takeover bid, this time from SS&C Technologies.
Link has announced to the Australian Securities Exchange (ASX) that it has received a conditional, non-binding indicative proposal from SS&C to acquire 100% of the share in Link by way of a Scheme of Arrangement.
The SS&C bid comes only week after Link gave a less than warm welcome to a private equity bid led by Carlyle and Pacific Equity Partners.
The Link Group board has said in its ASX announcement that it will consider the SS&C proposal, including obtaining advice from its financial and legal advisers, noting that shareholders did not need to take any action in relation to the SS&C proposal.
“It should be noted that there is no certainty that the discussions with SS&C will result in any transaction.
“The cash price offered to shareholders under the SS&C proposal is $5.65 per share and assumes no further dividends, distributions or reductions in capital,” the announcement said.
Recommended for you
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
