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, outbidding the consortium with a conditional, non-binding indicative proposal of $5.65 cash per share. However, after providing SS&C Technology with due diligence, it soon withdrew its offer.