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Why the Link (ASX:LNK) share price is surging 12% higher today

The Link Administration Holdings Ltd (ASX:LNK) share price is surging higher today after receiving a takeover approach. ....

Link Administration Holdings Ltd , Group Limited , Ssc Technology , Carlyle Group , Carlyle Asia Partners , Blink Board ,

Here's why the Link (ASX:LNK) share price is sinking 6% today


In afternoon trade, the administration services company’s shares are down 6% to $4.96.
Why is the Link share price sinking?
Investors have been selling Link’s shares following the release of an update on its takeover approach by a consortium comprising Pacific Equity Partners, Carlyle Group and their affiliates.
Last year the consortium made a non-binding indicative proposal to acquire the company for a cash price of $5.40 per share.
SS&C Technology then came to the table in December, outbidding the consortium with a conditional, non-binding indicative proposal of $5.65 cash per share.
However, after providing SS&C Technology with due diligence, it soon withdrew its offer. ....

Scott Phillips , Link Administration Holdings Ltd , Global Transformation Program , Ssc Technology , Carlyle Group , Pacific Equity Partners , Motley Fool Share Advisor , ஸ்காட் பிலிப்ஸ் , உலகளாவிய மாற்றம் ப்ரோக்ர்யாம் , ஸ்ஸ்க் தொழில்நுட்பம் , கார்லைல் குழு , பெஸிஃபிக் பங்கு கூட்டாளர்கள் ,