Australia's Link, Domain rally on possible deal for realty firm PEXA
28/05/2021 02:34
(Updates to add Domain's shares and milestones for Link)
** Shareholder registry firm Link Administration LNK.AX
rises as much as 4.3% to A$5.415, marks its biggest intraday
percentage gain since March 18
** Shares hit a two-month high
** Says got an over A$3 bln ($2.32 bln) offer from
private-equity giant KKR & Co KKR.N for majority-owned online
real estate platform PEXA urn:newsml:reuters.com:*:nL3N2NE2QD
** Property classifieds operator Domain Holdings Australia
DHG.AX also eyes a stake, says will join a consortium looking
to acquire a 10% interest in PEXA urn:newsml:reuters.com:*:nL3N2NE53H
** LNK in its announcement said KKR expected to partner with
Domain; Domain, however, did not name who will comprise the
consortium
** DHG firms as much as 3.1% to A$5.050, its highest level
since May 3
** DHG on track to rise for a fourth day; stock up ~9% this
year, as of last close
($1 = 1.2922 Australian dollars)
(Reporting by Anushka Trivedi in Bengaluru)
((Anushka.Trivedi@thomsonreuters.com; +918061823241;))