BUZZ-Australia's Insignia Financial jumps on premium buyout offer from US firm

Money manager Insignia Financial's IFL.AX stock jumps as much as 11% to A$3.930, the highest since late Feb. 2022

Co receives a takeover bid from U.S.-based investment manager CC Capital Partners valuing the ASX-listed firm at A$2.87 bln ($1.78 bln)

Offer price of A$4.30/share represents a 7.5% premium to a previous offer from Bain Capital, which IFL rejected for not providing fair value to shareholders

Stock hits its biggest intraday pct gain since Dec. 12, 2024

Shares of co last year gained 51.7%

($1 = 1.6113 Australian dollars)

(Reporting by Kumar Tanishk in Bengaluru; Editing by Richard Chang)

((Tanishk.Kumar@thomsonreuters.com))