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Australia’s Link Administration said on Thursday it would consider a revised $2.08-billion base scheme takeover bid from Canadian cloud-based software firm Dye & Durham, after rejecting its lowered offer earlier this week.

The latest $4.06-a-share bid is at a 19.3-per-cent premium to share registry firm Link’s last closing price, but is still lower than the original $4.88 apiece that Dye & Durham offered in December.

That bid was trimmed to $3.82 last week citing low market value of the company. Link rejected this offer on Monday but said it would continue to engage with the bidder.

D&D on the Toronto Stock Exchange said it was “not prepared to make any further amendments or alterations” to the offer.

Apart from the $4.06 apiece, Link shareholders would continue to be entitled to receive $0.12 a share under the current scheme if D&D reaches an agreement to sell Link’s Banking and Credit Management business, the Australian firm added.

Link Administration shares closed 6.27% up at $3.61.

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