$3b deal hits another roadblock as Canadian giant reviews Link offer

$3b deal hits another roadblock as Canadian giant reviews Link offer

A blockbuster takeover,which would see the bulk of property transactions in Australia go through one mega company,looks to be on the ropes.

  • bySarah Danckert

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‘Significant concerns’:$3b takeover of Aussie giant in jeopardy as ACCC spooks investors

‘Significant concerns’:$3b takeover of Aussie giant in jeopardy as ACCC spooks investors

The competition watchdog says the takeover of administration services giant Link could impact all property transactions in Australia.

  • bySarah Danckert
‘Lists and sags’:Questions around PEXA’s $3.3b valuation
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IPO

‘Lists and sags’:Questions around PEXA’s $3.3b valuation

Property settlements platform PEXA is set to become the largest float in almost three years after its majority shareholder Link Administration opted to maximise the company’s potential value.

  • byCharlotte Grieve andColin Kruger
PEXA heads to $3.3b IPO after KKR’s surprise bid falls over

PEXA heads to $3.3b IPO after KKR’s surprise bid falls over

Online property conveyancer PEXA is lining up as the biggest ASX float since 2019 after its largest shareholder,Link Administration,closed the door on a trade sale.

  • byColin Kruger
PEXA could have a rival bid to ‘exploding’ $3.1b offer

PEXA could have a rival bid to ‘exploding’ $3.1b offer

PEXA’s largest investor,Link Administration,is mulling the future of the platform as the clock ticks on responding to a shock $3.1 billion bid from private equity giant KKR and Domain.

  • byColin Kruger
KKR,Domain lob surprise $3b bid for PEXA

KKR,Domain lob surprise $3b bid for PEXA

Private equity heavyweight KKR and Domain Holdings want the owners of the online property conveyancer to either accept or reject their offer by this Sunday.

  • byColin Kruger
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Link to decide by June whether to list PEXA on ASX after withdrawn offer

Link to decide by June whether to list PEXA on ASX after withdrawn offer

Admin services giant Link is running a “dual track” process to determine the fate of lucrative property settlements platform PEXA.

  • byCharlotte Grieve
‘Thing of the past’:Link to make COVID-19 flexible work permanent

‘Thing of the past’:Link to make COVID-19 flexible work permanent

ASX-listed Link is pursuing $75 million in cost cuttings for the year and plans to spin off its property settlements platform PEXA.

  • byCharlotte Grieve
Link fields ‘positive interest’ in majority PEXA stake

Link fields ‘positive interest’ in majority PEXA stake

Link has told investors it has seen investor interest in its PEXA stake while the private equity consortium continues to run the ruler over the company.

  • byCharlotte Grieve
Link accused of playing games after reporting slightly higher revenue guidance

Link accused of playing games after reporting slightly higher revenue guidance

ASX-listed Link told the market it had beaten expectations when it reported its revenue guidance had changed from $594 million to $597 million for the half.

  • byCharlotte Grieve
Link's shares slide as second suitor scarpers

Link's shares slide as second suitor scarpers

The share registry services provider will pursue a demerger or trade sale of its crown jewel PEXA as its first bidder remains unmoved by the departure of its rival.

  • bySarah Danckert