The fourth takeover attempt of superannuation administrator and share registry company Link Group in the past two years has fallen over, after a proposed $2.5 billion buyout by Canada’s Dye & Durham was declared dead late on Friday.
It comes after 10 months of tortuous negotiations; the final straw being rulings in the past 10 days by Britain’s Financial Conduct Authority over the collapse of a Woodford retail fund in mid-2019 that was administered by Link’s British subsidiary.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
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