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What’s going on with Link (ASX:LNK) shares?

Link Administration Holdings Ltd (ASX:LNK) shares are in the news today after the company gave an update. 

Link Administration Holdings Ltd (ASX: LNK) shares are in the news today after the company gave an update.

What happened?

You may have seen a couple of days ago that Link received a conditional, non-binding indicative offer from SS&C Technology Holdings to buy 100% of Link.

SS&C is a NASDAQ listed global provider of investment and financial software-enabled services and software for the financial services and healthcare industries. It has 150 offices in 35 countries.

The cash price being offered by SS&C is $5.65 per Link share.

At the time the Link board decided they’d have a look at the offer with their advisers.

Today, the company gave an update noting that it’s non-binding and indicative in nature and subject to lots of other conditions.

Link’s board thinks the SS&C proposal doesn’t represent compelling value for shareholders on a control basis, but thought it was appropriate to provide SS&C with due diligence information on a non-exclusive basis so that it can develop a proposal that may be capable of being recommended to shareholders.

Link said there’s still no guarantee there will be a proposal worth accepting.

It’s exciting if you’re a Link shareholder, but there are other ASX dividend shares I’d rather buy over Link in the financials space such as Magellan Financial Group Ltd (ASX: MFG).

$50,000 per year in passive income from shares? Yes, please!

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So how do the best investors do it?

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Picture of Jaz Harrison

Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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