Reported 2 days ago
Bain Capital and CC Capital have both raised their takeover bids for Insignia Financial Ltd. to A$5 per share, valuing the company at approximately A$3.4 billion ($2.2 billion). This competitive bidding scenario has led to a significant surge in Insignia's stock price, which increased by 14%. Both firms are granted six weeks for further due diligence, while Brookfield Asset Management has not provided an updated offer.
Source: YAHOO