Australia’s Insignia Financial gets $1.78B takeover offer from CC Capital

Australian money manager Insignia Financial (OTCPK:IOOFF) received a takeover offer of A$4.30 per share from CC Capital Partners. This offer is 7.5% higher than Bain Capital’s (BCSF) previous bid of A$4.00, which Insignia rejected as inadequate.

The offer values Insignia Financial (OTCPK:IOOFF) at approximately $1.78