Carlyle Group makes second bid for former Woodford ACD Link Group

Only seeking one-month due diligence

James Baxter-Derrington
clock • 2 min read
The firm was responsible for the management of the now-collapsed Woodford Equity Income fund
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The firm was responsible for the management of the now-collapsed Woodford Equity Income fund

US private equity firm Carlyle Group has made its second bid for Link Group in the space of a year, offering A$2.8bn for the Sydney-listed firm.

The new bid is two cents per share shy of its A$5.40 bid from October 2020, which Carlyle Group withdrew following the emergence of higher offers, although none of these acquisition attempts came to pass. Link vows to defend itself as Leigh Day Woodford case heads to court As a result of the short timeframe between the original bid and the current A$5.38 per share offer, the US firm is only seeking a short due diligence period of "about a month", signalling it could have a formal deal for shareholders by early December, the Australian Financial Review has reported. It is unknown as...

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