Link Administration Holdings is now under Algo Engine buy conditions.
Link Administration Holdings Limited (ASX: LNK) (Link Group) refers to its announcement dated 7 December 2020 advising that it had received a conditional, non-binding indicative proposal from SS&C Technology Holdings (SS&C) to acquire 100% of the shares in Link Group
(SS&C Proposal).
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On 3 January 2021, Link Group received a letter from SS&C stating it has withdrawn its SS&C
Proposal.
The Link Group Board will continue to consider all alternatives to maximise value for shareholders. As previously announced, this includes a potential separation by way of demerger of Link Group’s interest in Torrens Group Holdings (TGH) (and its core asset, PEXA).
Link Group will also explore a trade sale of its interest in TGH from 18 January 2021.
