Link Admin (LNK AU): Mitsubishi UFJ's Bittersweet Scheme

Dec 18, 2023

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Link Administration (LNK AU), the largest provider of services in Australia’s superannuation administration industry, has entered into a Scheme with Mitsubishi UFJ Financial Group.
MUFJ is offering long-suffering Link shareholders A$2.10/share (in cash) plus a A$0.16/share dividend (25% franked), or a 32.9% premium, all-in, to the undisturbed price. It has not been declared final.
The Offer has the board's backing. A Scheme Meeting is expected to be held in May with possible completion in June 2024.

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