Dye & Durham Trims Offer Price For Link Administration To A$4.30/shr

Dye & Durham Ltd. (DND.TO) announced Monday it has made a revised proposal to the board of directors at Link Administration Holdings Ltd. (LNK.AX) with respect to Dye & Durham's offer to acquire Link Group.

In a letter to Link Group's board, Dye & Durham has reduced its purchase offer price to A$4.30 per Link Group share from A$5.50 per share offered by Dye & Durham in December 2021.

It also states that the company is considering providing an undertaking to the Australian Competition and Consumer Commission (ACCC) in order to obtain its approval, as required in the proposed acquisition's scheme implementation deed.

The letter also states that other than a reduction in the offer price, Dye & Durham is not prepared to make any further amendments or alterations. The revised proposal is subject to agreement with Link Group and documentation being successfully finalized.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
United Airlines and Archer Aviation Inc. announced plans to launch the first commercial electric air taxi route in Chicago, between O'Hare International Airport or ORD and Vertiport Chicago. As part of their urban air mobility or UAM network buildout, both companies will utilize Archer's electric vertical takeoff and landing or eVTOL aircraft in the new route. Fort Wayne, Indiana-based Perfection Bakeries D/B/A Aunt Millie's is recalling 8 ct. packages of Our Family White Hot Dog Buns citing the possible presence of undeclared sesame, a known allergen, the U.S. Food and Drug Administration said. The product comes in a printed plastic package marked with "Our Family Hot Dog Buns 8 ct." on the top and has a blue twist tie. Parsippany, New Jersey -based Ascend Laboratories LLC. is recalling Dabigatran Etcxilate capsules citing the detection of N-Nitrosodimethylamine or NDMA impurity, a probable human carcinogen, the U.S. Food and Drug Administration said. The product is used as an oral anticoagulant to lower the risk of stroke and blood clots.
Follow RTT