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Link Administration Holdings Announces to Receive Non-Binding Indicative Proposal by SSC

07 Dec 2020  |  19:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SS&C non-binding indicative proposal to acquire Link Group

Link Administration Holdings announced that it has received a conditional, nonbinding indicative proposal from SS&C Technology Holdings (SS&C) to acquire 100% of the shares in the Company by way of a Scheme of Arrangement (SS&C Proposal). The Company updated that the cash price offered to shareholders under the SS&C Proposal is $5.65 per share. The offer price assumes no further dividends, distributions or reductions in capital would be paid from the date of the SS&C Proposal. As reported, the Company's Board will consider the SS&C Proposal, including obtaining advice from its financial and legal advisers. The Company further updated that shareholders do not need to take any action in relation to the SS&C Proposal.

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