In today’s briefing:
- Insignia Financial (IFL AU): The Field Narrows As Bain And CC Capital Bump Terms
- Fluence Corp Ltd – Smoother water ahead
Insignia Financial (IFL AU): The Field Narrows As Bain And CC Capital Bump Terms
- Bain Capital and CC Capital have both bumped indicative terms to $5/share, a 63% premium to Insignia Financial (IFL AU)’s undisturbed closing share price of $3.06 on December 11 2024.
- Both suitors have been granted four weeks of exclusivity. Confirmatory due diligence is expected to be completed within six weeks. IFL’s board is supportive at A$5/share or more.
- Where’s Brookfield on all this? A local media source previously reported that at least one suitor was losing interest.
Fluence Corp Ltd – Smoother water ahead
- Fluence Corporation (ASX:FLC) specialises in the delivery of water and wastewater solutions in industrial, municipal and commercial industries across the globe.
- The company has released its FY24 full year result which is in line with previously amended guidance.
- The Q4 cashflow statement and a Q4 financial and operating update was released in January 2025 and included significant detail and guidance for FY25.
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