The latest announcement is out from Insignia Financial Ltd ( (AU:IFL) ).
Insignia Financial Ltd has received a revised non-binding and indicative proposal from CC Capital Partners to acquire all shares through a scheme of arrangement at A$4.60 per share, representing a 7% premium over previous offers. The board is currently evaluating the proposal with its advisers, but there is no certainty of a binding offer. Insignia Financial has engaged Citigroup and Gresham Advisory Partners as financial advisers and King & Wood Mallesons as legal adviser.
More about Insignia Financial Ltd
Insignia Financial Ltd, with a history dating back to 1846, is a prominent Australian wealth manager. The company offers a range of services including financial advice, superannuation, wrap platforms, and asset management to clients such as members, financial advisers, and corporate employers.
YTD Price Performance: 19.04%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.76B
See more data about IFL stock on TipRanks’ Stock Analysis page.