Australia’s Link Administration Holdings said on Monday Canadian software firm Dye & Durham has lowered its buyout offer, now valuing the share registry firm at A$1.95 billion ($1.31 billion), citing the UK financial watchdog’s conditions for the takeover.
The Australian competition regulator last week approved the A$2.47 billion buyout, ending a nine-month saga involving multiple offers for Link’s stake in online property settlement firm PEXA Group.
