Insignia Financial Ltd (ASX:IFL) Receives Indicative Proposal from Brookfield
Indicative Proposal
Insignia Financial Ltd (ASX:IFL) has received a confidential, non-binding proposal from Brookfield Capital Partners to acquire all shares in the company via a scheme of arrangement at a price of A$4.60 per share, or an alternative scrip option.
Conditions and Approvals
The proposal is subject to conditions including due diligence, execution of a binding agreement, unanimous board recommendation, and approvals from regulatory bodies such as the Foreign Investment Review Board and the Australian Prudential Regulation Authority.
Next Steps
Insignia Financial will provide Brookfield limited access to certain non-public information under confidentiality. Shareholders need not take any action as the company will continue its disclosure obligations.
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