Link in trading halt
Major publicly-listed superannuation administration company, Link has entered a trading halt on the Australian Securities Exchange (ASX) citing a pending announcement regarding “a potential change of control transaction”.
Link has been the subject of a bid by a private equity consortium led by Carlyle and Pacific Equity Partners.
Link’s announcement to the ASX sought a trading halt until it makes an announcement or until to the start of normal trading on Wednesday.
Recommended for you
Six months after scrapping its planned deal with KKR, Perpetual is yet to make significant headway on the sale of its wealth management division but is focusing on alternatives for product development.
Platinum Asset Management’s NPAT has fallen by 89 per cent in FY25, with the firm confirming that it will be renamed as L1 Group following the expected completion of its merger with L1 Capital.
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
Being able to provide certainty about redemptions is worth fund managers pursuing when targeting the retail market even if it means sacrificing returns, according to Federation Asset Management.
