Insignia Financial (IFL AU): Bain Rejection Follows Tanarra's Lead

Dec 18, 2024

∙ Paid

After Tanarra Capital categorically refuted an Australian article alleging Tanarra was supportive of Bain's Offer, Insignia Financial (IFL AU)'s board's response was all-but rubber stamped.
Insignia reckons Bain's Offer does not represent fair value, and in the "context of a change of control transaction".
What now - does Bain bump? Tough call in a space where one, possible two deals, may lapse in short succession.

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