Australia's Link Administration eyes best month ever on buyout offer

Link Administration Holdings

29/12/2023 03:19

** Shares of Link Administration  LNK.AX  have risen nearly
60% for the month, on track for their best month ever 
    ** Link shares are down 0.5% for the day, hovering near a
8-month high hit on Dec. 18 
    ** Link gets takeover offer from Mitsubishi UFJ Financial
Group  8306.T  in mid December in a deal worth A$1.2 bln
($820.08 mln)
    ** Shares of the pension administration firm are down 0.5%
for the week
    ** Share of Link have risen 10.4% so far this year,
recovering from a record pct fall last year
   


($1 = 1.4633 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))