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Announced

Dye & Durham offers to acquire Link Group for $830m.

Financials

Transaction Value

£991m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

1.5x

EV/EBITDA

7.17x

Share Price Premium

+ Add

Transaction Tags

Cross Border

Acquisition

Single Bidder

Friendly

Majority

Public

IT Services: Other

information solutions

Australia

Pending

Synopsis

Dye & Durham, a provider of cloud-based software and technology solutions, withdraws its $1.3bn offer to acquire Link Group, a provider of record keeping technology and information solutions. The time for the satisfaction of outstanding conditions has expired, and there is no expectation they would be resolved, the Sydney-based data services firm said in an exchange filing. Australia’s biggest service provider to its pensions industry is still considering whether to pay shareholders a special dividend of AUD0.08 per share. On June 27, 2022, Dye & Durham decreased its offer from $2.5bn to $1.5bn. On September 19, 2022, the offer was lowered from $1.5bn to $1.3bn. On October 04, 2022, Dye & Durham offers to acquire Link Group for $830m.

Sources

Press Release

Dye & Durham

ASX Announcement

Link Group

Press Release

Dye & Durham

Press Release

Dye & Durham

Financials

Transaction Value

£991m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

1.5x

EV/EBITDA

7.17x

Share Price Premium

+ Add

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