Link Administration Holdings Ltd (ASX:LNK) today announced that it has entered into a binding Scheme Implementation Deed with Dye & Durham Corporation, for the acquisition of all issued shares in Link Group pursuant to a scheme of arrangement. The acquisition values Link Group equity at $2.9bn and implies an enterprise value of $3.7bn. The offer of $5.50/share plus an Interim Dividend of $0.03/share represents a significant premium of 27.7% to the closing price of Link Group?s shares on November 4, 2021.

Following the announcement, shares of Link Administration Holding Ltd rose 15.03% to $5.51/share.