What happened to Link Admin Holdings (LNK) shares today?
LNK -20.09%: a UK court has thrown a spanner on the Dye & Durham takeover of Link, announcing around $500m may need to be put aside for any issues relating to Link’s administration of the failed Woodbridge fund. The amount reflects potential redress payments to investors in the fund, and the UK court would block the takeover if Dye & Durham fails to accept the requirement. It has thrown another spanner in the long-running takeover play.
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