Here's why the Link (ASX:LNK) share price is sinking 6% today
In afternoon trade, the administration services company’s shares are down 6% to $4.96. Why is the Link share price sinking? Investors have been selling Link’s shares following the release of an update on its takeover approach by a consortium comprising Pacific Equity Partners, Carlyle Group and their affiliates. Last year the consortium made a non-binding indicative proposal to acquire the company for a cash price of $5.40 per share. SS&C Technology then came to the table in December, outbi...
Scott Phillips Link Administration Holdings Ltd Global Transformation Program Ssc Technology Carlyle Group Pacific Equity Partners
Source: fool.com.au