US firm CC Capital bids A$2.87 billion for Australian company Insignia Financial, outbidding Bain Capital.

US investment firm CC Capital Partners has made a takeover bid for Australian money manager Insignia Financial valued at A$2.87 billion, or A$4.30 per share, a 7.5% increase over a previous rejected offer from Bain Capital. Insignia Financial's board is evaluating the proposal to decide if it's in shareholders' best interest. Both CC Capital and Bain Capital have yet to comment.

3 months ago
10 Articles