Link Group Shareholders Endorse Acquisition Deal

Link Administration Holdings Ltd. (AU:LNK) has released an update.

Link Group shareholders have overwhelmingly voted in favor of an acquisition by Mitsubishi UFJ Trust & Banking Corporation, with 99.31% supporting the resolution at a recent meeting. The completion of the deal remains subject to court approval and other conditions, with expectations set for Link Group shares to stop trading on ASX from 1 May 2024 and shareholders to receive a special dividend followed by a cash consideration in mid-May. The scheme is part of Link Group’s ongoing efforts to connect people with their financial assets and streamline scaled administration.

For further insights into AU:LNK stock, check out TipRanks’ Stock Analysis page.