Reported 1 day ago
Bain Capital has upped its offer for Australia's Insignia Financial to A$2.87 billion ($1.76 billion), matching rival CC Capital's bid. This move has driven Insignia's shares to a three-year high, offering shareholders a 7.5% premium. The bidding war reflects heightened investor interest in Australian wealth managers, driven by their growing asset bases and access to the substantial A$4.1 trillion superannuation market.
Source: YAHOO