RSS Insignia Receives Revised Acquisition Offer Of A$4.30/share From Bain Capital

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 RSS Insignia Receives Revised Acquisition Offer Of A$4.30/share From Bain Capital

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Insignia Financial Ltd. (IOOFF), a prominent Australian financial services company, announced on Monday the receipt of a non-binding and indicative offer from Bain Capital. This proposal involves the acquisition of all IOOFF shares at A$4.30 per share in cash.

This updated proposal represents a 7.5 percent increase over Bain Capital's earlier non-binding indicative offer, which stood at A$4 per share.

Insignia has stated that its Board is currently evaluating this revised offer alongside another proposal from CC Capital.

The material has been provided by InstaForex Company - www.instaforex.com
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