The superannuation fund administrator has rejected three bids in less than two months now,but has left the door open for higher offers and more suitors.
Takeover target Link Group's newly appointed chief executive Vivek Bhatia says the company was closely assessing the competing offers on the table.
Investors have welcomed the Nasdaq-listed financial services firm SS&C Holding's $3.6 billion indicative bid for the listed superannuation fund administrator.
Takeover target Link has told a consortium led by Carlyle and Pacific Equity Partners to come back to the table with a better deal after it lobbed a $2.9 billion offer for the admin services giant.
Outgoing Link CEO John McMurtrie has predicted fees will climb if funds take admin services in-house and the government continues to regulate the sector.
A private equity consortium led by Carlyle and Pacific Equity Partners has upped its bid for the ASX-listed Link,but has set the clock ticking on access to information.
Link has pushed back against a takeover proposal by a consortium of private equity firms. Those firms are now weighing up whether to continue negotiations or walk.
Private equity firms have launched a bid to takeover administration giant Link,but investors are split on whether it's a good deal.
New figures show 83,000 accounts had been closed under the government's early access scheme,much less than the 500,000 modelled by Industry Super Australia.