Dye & Durham a leading provider of cloud-based software and technology solutions, today announced it has entered into an agreement to acquire Link Administration Holdings Limited (ASX: LNK) (“Link Group”), a technology-driven market leader that connects people with their assets responsibly, securely and safely. As part of the transaction, Dye & Durham will also indirectly acquire Link Group’s approximate 43% ownership stake in PEXA Group Limited (ASX: PXA) (“PEXA”), which operates Australia’s leading digital property exchange network and helps lawyers, conveyancers and financial institutions settle transactions and file documents electronically.
Under the terms of the acquisition agreement, Dye & Durham will acquire Link Group for cash consideration of approximately C$3.2 billion, or A$5.50 per common share, representing a 15% premium to the closing price of Link Group’s shares on the ASX as at December 21, 2021.
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