Australia’s Link Administration said on Monday it was appropriate to provide Carlyle Group with due diligence information, as it is considering its new A$2.81 billion takeover offer.
The Sydney-based company said it would give Carlyle due diligence information on a non-exclusive basis so it can develop a revised proposal which can be recommended to its shareholders.
The fresh bid, announced earlier this month, marked a renewed attempt by Carlyle to buy Link after it pursued the company with Pacific Equity Partners in late 2020.
Source: Reuters.com