Australia's Insignia hovers around A$5 after Bain, CC Capital sweeten offers
ReutersMar 6, 2025 11:22 PM
Shares of Australia's Insignia Financial IFL.AX gain up to 13.5% to A$4.835
Stock hits highest since August 2021 and is set for its strongest trading session in two months
Money manager says it received sweetened offers from both Bain Capital and CC Capital Partners, valuing the firm at A$3.34 billion ($2.11 billion)
New offers from the firms come at A$5/shr; 8.7% higher over their previous A$4.60/shr bids
Insignia grants due diligence for six weeks to both Bain Capital and CC
Stock up 34.7% YTD
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