, a near-monopoly operator in e-conveyancing in Australia. PEXA is listed in its own right on the ASX.Durham first made an agreed buyout offer for Link in December, and then revised it lower to $4.81 a share in July to reflect a sharp reduction in tech stock valuations and overall sharemarket weakness as central banks raised interest rates around the world.after the FCA’s demand for $519 million in funds to be set aside following the collapse of a Woodford retail fund in the UK.
Two British law firms, Leigh Day and Harcus Parker, are pursuing the subsidiary through the UK courts in a separate class action on behalf of 20,000 retail investors. The FCA has been investigating the collapse of the £3.7 billion in funds run by fallen star stockpicker Neil Woodford. Once known as the “Oracle of Oxford” after a 25-year career as a fund manager with Invesco Perpetual, Mr Woodford had a big following among retail investors when he struck out on his own.LFS froze the fund because investors were stampeding for the exit after losses mounted, and amid fears the fund’s illiquid holdings would prevent clients from getting their money out.
In late 2020, Carlyle and Pacific Equity Partners pursued Link in a combined tilt in which an indicative offer reached as high as $5.40.
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