Reported about 1 month ago
Brookfield Capital Partners (UK) Ltd. has joined the bidding competition for Insignia Financial Ltd. with a matching offer of A$4.60 per share, aligning with the proposals from Bain Capital and CC Capital Partners. Valued at approximately A$3.1 billion, this move comes as Insignia's board seeks to attract higher bids by granting limited access to its financial information. Insignia's shares have risen in response to the bidding frenzy, while the potential for a binding offer from Brookfield remains uncertain.
Source: YAHOO