In today’s briefing:
- Insignia Financial (IFL AU): Bain Calls CC Capital’s $4.30/Share NBIO
Insignia Financial (IFL AU): Bain Calls CC Capital’s $4.30/Share NBIO
- After wealth manager Insignia Financial (IFL AU) announced – and subsequently rejected Bain’s A$4.00/share Offer, CC Capital waded in on the 6th January with its own A$4.30/share NBIO.
- IFL have yet to reach an opinion on CC Capital bid. And to make things interesting, Bain has sweetened its Offer to $4.30/share, matching CC Capital’s terms.
- What now? Either, IFL opens the data room to both parties. Or rejects both. I think they should engage.
💡 Before it’s here, it’s on Smartkarma
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