Business
ACCC confirm it will not oppose Dye & Durham's acquisition of Link Group
ACCC confirm it will not oppose Dye & Durham's acquisition of Link Group AC...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n ACCC confirm it will not oppose Dye & Durham's acquisition of Link Group\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n ACCC confirm it will not oppose Dye & Durham's acquisition of Link Group\n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Sept. 8, 2022\n \n \n /CNW/ - Dye & Durham Limited (TSX: DND) (\"Dye & Durham\" or the \"Company\"), a leading provider of cloud-based, efficient workflow software for legal and business professionals, today announced that Link Administration Holdings Limited (ASX: LNK) (\"Link Group\") has received confirmation from the Australian Competition and Consumer Commission (\"ACCC\") that it will not oppose the proposed acquisition of Link Group by Dye & Durham, after accepting a court-enforceable undertaking from Dye & Durham to divest its existing Australian business (formerly GlobalX Information Pty Ltd and SAI Global's Property Division).\n \n \n Link Group has also confirmed Central Bank of\n \n Ireland's\n \n (\"CBI\") approval in respect of the transaction has been obtained. Written notification from the ACCC that it does not propose to intervene in the transaction and approval from the CBI were conditions precedent to the Scheme.\n \n \n The Scheme remains conditional on the receipt of regulatory approvals from the Foreign Investment Review Board, the UK Financial Conduct Authority (\"FCA\") and the\n \n Luxembourg\n \n Commission de Surveillance du Secteur.\n \n \n \n About Dye & Durham\n \n \n \n Dye & Durham Limited is a leading provider of cloud–based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. Dye & Durham provides critical information services and workflows, which clients use to manage their process, information and regulatory requirements. The Company has operations in\n \n Canada\n \n , the\n \n United Kingdom\n \n ,\n \n Ireland\n \n and\n \n Australia\n \n , and has a strong blue-chip customer base that includes law firms, financial service institutions,...