Insignia Financial Ltd (ASX: IFL) Receives Revised Acquisition Proposal from CC Capital
Revised Proposal Details
Insignia Financial Ltd (ASX: IFL) has received a revised non-binding indicative proposal from CC Capital Partners, LLC. The proposal aims to acquire all shares in Insignia Financial for A$4.60 cash per share. This price represents a 7% premium over CC Capital’s previous proposal of A$4.30 per share dated 3 January 2025, as well as Bain Capital’s revised offer of A$4.30 made on 11 January 2025. The new proposed price is A$0.30 per share higher than prior offers.
Board Consideration
The Board of Insignia Financial is currently reviewing the CC Capital Revised Indicative Proposal with the assistance of its financial and legal advisers. No certainty exists that this proposal will lead to a binding offer or any transaction at all. IFL shareholders are advised to refrain from taking any action at this moment, as the company will ensure ongoing communication in line with its disclosure obligations. Insignia has appointed Citigroup and Gresham Advisory Partners as financial advisers, alongside King & Wood Mallesons as legal adviser.
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