Link Group takeover deal collapses on FCA Woodford conditions

Three unsatisfied conditions

Dye & Durham’s acquisition of Link Group has collapsed following a court hearing that dismissed proceedings due to the failure to satisfy conditions.

An Australian Stock Exchange announcement released today (23 September) revealed that three conditions that were necessary to allow the deal to go ahead have not been and are unlikely to be satisfied, resulting in the termination of the acquisition. FCA to impose £50m fine on Link Fund Solutions over Woodford failings These conditions were the Woodford Matters condition, the UK Financial Conduct Authority condition and the Luxembourg Commission de Surveillance du Secteur Financier condition. The statement read: "Under the scheme implementation deed between Link Group and Dye & Durh...