Insignia Financial (IFL AU): Bain's A$4.00/Share NBIO. Needs More Gruel

Dec 13, 2024

∙ Paid

Insignia Financial (IFL AU), a wealth manager and previously known as IOOF, has announced a A$4.00/share non-binding and indicative proposal from PE outfit Bain Capital.
The Offer, should it proceed, will be by way of a Scheme. Apart from IFL's shareholder approval, a firm bid requires FIRB signing off.
IFL's board is weighing up the Offer's pros and cons. This probably requires a small bump.

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