⁍ Link Administration Holdings Ltd said on Monday private equity firms Carlyle Group and Pacific Equity Partners raised their takeover offer.

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⁍ The offer values the New South Wales-based company at A$5.40 per share, nearly 4% higher than the earlier bid.

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– Private equity firms Carlyle Group and Pacific Equity Partners have raised their bid for Australian shareholder registry Link Administration Holdings after its previous offer was rejected, Reuters reports. The new offer values the company at around $2 billion, or $5.40 per share, nearly 4% higher than the earlier bid. Link’s board has recommended shareholders accept the new offer.