Dye & Durham announces agreement to acquire Link Group in transformative C$3.2 billion transaction

On December 21, 2021, Dye & Durham Limited ("Dye & Durham") announced it entered into an agreement to acquire Link Administration Holdings Limited ("Link Group"). As part of the transaction, Dye & Durham will also indirectly acquire Link Group's approximate 43% ownership stake in PEXA Group Limited ("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 all of the ordinary shares in Link by way of a scheme of arrangement between Link and its shareholders (the “Scheme”) for cash consideration of approximately C$3.2 billion, or A$5.50 per common share.

Link Group’s Board has unanimously recommended that Link shareholders vote in favour of the Scheme, and each Link director intends to vote their Link share in favour of the Scheme, in the absence of a superior proposal and subject to an independent expert concluding that the Scheme is in the best interests of Link shareholders.

Subject to customary conditions, including Link shareholder approval, antitrust and foreign investment approval, other offshore regulatory approvals, no material adverse change and no prescribed occurrences, the Scheme is expected to be implemented shortly after a meeting of Link shareholders expected to be held in the second quarter of 2022.

Further information can be found on Canada Newswire’s website.

Link Group is a a technology-driven market leader that connects millions of people with their assets, including equities, pension and superannuation, investments, property and other financial assets. Link Group partners with thousands of financial market participants to deliver services, solutions and technology platforms that enhance the user experience and make scaled administration simpler. They help manage regulatory complexity, improve data management and provide the tools to connect people with their assets, leveraging analysis, insight and technology.

Dye & Durham is a leading provider of cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The company has operations in Canada, the United Kingdom, Ireland and Australia, and has a strong blue-chip customer base that includes law firms, financial service institutions, and government organizations.