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By Alice Uribe
SYDNEY–Link Management Holdings Ltd is considering a A$1.27 billion ($830 million) offering of its corporate markets business and banking and credit management units from Dye & Durham Ltd.
Link said Dye and Durham recently made three proposals to acquire some of their businesses, but decided not to negotiate with Dye and Durham on two of them.
“The Lync Group board will consider Dye & Durham’s third proposal, including seeking advice from financial, legal and tax advisors, and will provide an update to Lync Group shareholders next week,” Lync said in a regulatory filing.
Lync has received a third indicative proposal from Dye & Durham to acquire the Corporate Markets business and all of BCM’s business for $1.27 billion.
“The third proposal provides that discussions should be conducted privately,” Link said.
Three days ago, Lync made a $1.1 billion proposal from Dye & Durham to acquire its corporate markets arm and BCM unit, excluding the real estate and mortgage business. Dye and Durham previously sought to acquire Link’s corporate markets business for $950 million.
Write to Alice Uribe at alice.uribe@wsj.com
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