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Link Administration Holdings Advises on Withdrawal of SS&C Proposal and Provides an Update on Interest in PEXA

04 Jan 2021  |  08:55:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SS&C Proposal withdrawn and update on Link's PEXA interest

Link Administration Holdings received a conditional, non-binding indicative proposal from SS&C Technology Holdings (SS&C) to acquire 100% of the shares in the Company (SS&C Proposal). Its 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 its interest in Torrens Group Holdings (TGH) (and its core asset, PEXA). It will also explore a trade sale of its interest in TGH from 18 January 2021.

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