Company News Summary
Link Administration Holdings Advises on Pillar Administration Sale Process
Original announcement: Pillar - Sale process - Link Group's bid unsuccessful
Link Administration Holdings noted that on 10 November 2016, the Company announced that it had submitted a proposal to acquire Pillar from the State of NSW (Binding Proposal). Following consideration by the State of NSW, the Company has been informed on 2 December 2016 (pursuant to a media release issued by the State of NSW), that the Binding Proposal was unsuccessful. Although disappointed with the result, the Company continues to remain active in considering and assessing a range of other opportunities and is focused on improving the business, increasing efficiencies, enhancing services and creating shareholder value.
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