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Takeover tussle can put a rocket under Link – The Australian Financial Review

Link’s surging share price following a fresh takeover bid is vindication for its board. But how much more value can it extract from its two suitors?



PEP knows the business intimately, having floated it on the ASX in 2015, while Carlyle is believed to have put in months of work to get to this point, including a period of due diligence granted by the Link board in late October. Is it really going to throw in the towel now for the sake of 25¢ a share?
In the blue corner, SS&C looms as the committed trade buyer that private equity firms always fear in these sorts of auctions.
The Nasdaq-listed group operates in 35 countries and would know Link well;…

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