CC Capital ups bid for Insignia
The bidding war for Insignia Financial has heated up another notch with the company reporting that it has received an improved offer from New York-based PE firm, CC Capital Partners.
Insignia has told the Australian Securities Exchange (ASX) that it has received a revised indicative proposal at a price of $4.60 cash per share.
It said the CC Capital Revised Indicative Proposal represents a 7% premium on CC Capital’s original non-binding indicative proposal of $4.30 per share and Bain Capital’s revised non-binding indicative proposal of $4.30 per share.
Insignia said that its board, together with its financial and legal advisers, is considering the CC Capital Revised Indicative Proposal.
yeah if his ASX compliance is similar to his AFSL compliance, good grief...
Sure Garry, we believe you. NOT. How did you get AFSL compliance so wrong and turn a blind eye to…
AMAFA, the new licensee of last resort!
The guy is a walking conflict
Meanwhile, financial advisers are fully accountable for tax outcomes relating to advice and still cannot access the ATO portal. Accountability…