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Australia’s Link Rejects Revised Takeover Bid from Dye & Durham

Australian data-services firm Link Administration Holdings Ltd. has rejected a reduced takeover offer from Canada’s Dye & Durham Ltd

The company’s board “does not believe it is able to recommend” the A$4.30 ($2.93) per share offer to its shareholders, which was revised down by the Canadian software firm from a previous bid of A$5.50, Link said in a statement Monday. Link said it will continue to engage with Dye & Durham.