Australia's Link to give Carlyle due diligence for renewed A$2.81 billion bid

FILE PHOTO: A general view of the lobby outside the Carlyle Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst/File Photo

(Reuters) – Australia’s Link Administration said on Monday it was appropriate to provide Carlyle Group with due diligence information, as it is considering its new A$2.81 billion takeover offer.

The Sydney-based company said it would give Carlyle due diligence information on a non-exclusive basis so it can develop a revised proposal which can be recommended to its shareholders.

The fresh bid, announced earlier this month, marked a renewed attempt by Carlyle to buy Link after it pursued the company with Pacific Equity Partners in late 2020.

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