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Insignia Financial Ltd ( (AU:IFL) ) just unveiled an update.
Insignia Financial Ltd has received a non-binding indicative proposal from Brookfield Capital Partners to acquire all shares in the company at a cash price of A$4.60 per share or through acquiring scrip in Brookfield’s unlisted bid vehicle. This proposal matches previous offers from CC Capital Partners and Bain Capital. The proposal is contingent on several conditions including due diligence, board approval, and regulatory clearances. The company will provide limited non-public information to Brookfield under specific conditions, but this does not ensure a binding offer. Insignia Financial has engaged financial and legal advisors to navigate this proposal process.
More about Insignia Financial Ltd
Insignia Financial Ltd, with origins dating back to 1846, is a prominent Australian wealth manager providing financial advice, superannuation, wrap platforms, and asset management services to members, financial advisers, and corporate employers.
YTD Price Performance: 23.11%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.82B
Find detailed analytics on IFL stock on TipRanks’ Stock Analysis page.
