Reported about 10 hours ago
Bain Capital has increased its bid for Insignia Financial Ltd. to A$4.30 per share, aligning with an earlier offer from CC Capital Partners. This comes after Insignia rejected Bain's previous lower bid last month. Bain has expressed willingness to negotiate a deal structure that includes equity options for Insignia shareholders, amidst growing international interest in Australian wealth management firms.
Source: YAHOO