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Link's Nasdaq suitor withdraws takeover bid

James Frost
James FrostFinancial services writer
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Share registry services company Link Group will explore a trade sale of its stake in electronic conveyancing arm PEXA after US Group SS&C Technologies withdrew its $3 billion bid.

Link Group was the target of two competing takeover offers which the company had rejected, saying the bids from SS&C and a consortium of private equity players "do not represent compelling value".

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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
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    Original URL: https://www.afr.com/companies/financial-services/link-s-nasdaq-suitor-withdraws-takeover-bid-20210104-p56rjm