The Toronto-based legaltech firm told the Australian company that considering “the current state of the financial markets” the acquisition price should be reduced from A$5.50 per share to A$4.30 per share. (The Logic)

Talking point: Dye & Durham proposed the then $3.2-billion acquisition in December, hoping to combine its automated legal paperwork services with Link’s pension-plan-administration and corporate share management services. Link’s board “will consider” the request. The current economic situation—with the war in Ukraine, rising interest rates and inflation—has created uncertainty for the tech industry. The value of announced mergers and acquisitions around the world in the second quarter dropped by 25.5 per cent year over year, according to Dealogic, as companies focus instead on how to withstand a recession.