(Bloomberg) – Insignia Financial Ltd. has given CC Capital Partners access to some of its accounts for a limited time as it attempts to lure the US firm into a higher bid for the Australian wealth manager.
Most Read by Bloomberg
“The limited due diligence provision does not guarantee that CC Capital’s revised indicative proposal will result in a binding offer or that it is capable of being recommended by Insignia’s board,” Insignia said in a statement on Monday.
Last week CC Capital raised its takeover offer to A$4.60 per share, or about A$3.1 billion ($1.9 billion). It is battling with Bain Capital as overseas players seek to tap into the growing pensions market.
More Reading from Bloomberg Businessweek
© 2025 Bloomberg LP
https://s.yimg.com/ny/api/res/1.2/5zaA0pff1ikB_ItY3BeNwA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/bloomberg_markets_842/9701cda52051884b93bc3b4bcce079ec
2025-01-20 00:47:00
