Link Group’s board is now weighing up the revised offer, which sliced the buyout price by 22 per cent to $4.30 a share.
it is cutting a buyout proposal price by almost 22 per cent because of rocky financial markets and changed circumstances after an Australian Competition and Consumer Commission ruling, and will now only pay $4.30 per share.The real estate market is in for tougher times. PEXA shares on the ASX have dropped substantially over the past few months as investors factor in a slowdown, and trim valuations in line with a tech sell-off around the world.
Link, a superannuation administrator and share registry operator, has a prized asset in a 43 per cent stake inBut PEXA shares have been buffeted since the original DyeDurham takeover bid for Link was announced in December, while the valuations of tech-related shares worldwide have been trashed in the past few months as investors rethink lofty multiples.
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