In today’s briefing:
- Link’s Board Shows Its Hand
Link’s Board Shows Its Hand
- The Link Administration (LNK AU) Board will not recommend Dye&Durham/DND’s revised lower offer of A$4.57 per share due to shareholder feedback, the underlying value and alternative options.
- The slightly above guidance is designed to show that Link’s contribution to DND’s build a billion objective remains on track and there is little chance of triggering the MAC clause.
- DND needs to secure a deal this week to use its attractive deal financing, according to AFR. This could be the cue for DND to give a little more.
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