(Bloomberg) -- Link Administration Holdings Ltd. shares tumbled after saying it’s walked away from talks with Dye & Durham Ltd. over a deal for parts of its business that would have salvaged elements of an earlier takeover agreement.

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The Australian data manager said that it could not agree to “appropriate terms” with Canada’s Dye & Durham regarding a sale of multiple parts of its business that together had been valued at A$1.27 billion ($854 million), ending a monthslong saga of transaction talks.

Despite “best efforts and engagement with D&D over a period of over two months,” the proposal “has not been able to be progressed to a transaction that is certain, has committed financing, reflects appropriate value, and is on appropriate terms,” Link said in a statement Thursday.

It comes after the Toronto-based suitor’s effort to recut a deal for the whole company that the pair had agreed to collapsed in September in light of liabilities stemming from a failed fund Link administered that was run by UK star manager Neil Woodford.

Link shares declined 8.3% as of 10:05 a.m. in Sydney, extending this year’s loss to 44%.

“While we believe these businesses continue to have attractive characteristics and would be accretive to Dye & Durham, we are not willing to do a deal at any price,” Dye & Durham said in its own statement, confirming the talks had concluded.

(Adds shares from first paragrpah. An earlier version of this story corrected the company name in the headline)

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