BUZZ-APRA's role significant in Insignia Financial's buyout, says Morgan Stanley

Reuters

Dec 16, 2024

BUZZ-APRA's role significant in Insignia Financial's buyout, says <a href="https://laohu8.com/S/MSPQL">Morgan Stanley</a>

** Shares of Australia's Insignia Financial IFL.AX fall 1.1% to A$3.57

** The investment manager on Friday received a $1.70 bln takeover bid from private equity firm Bain Capital

** Analysts at Morgan Stanley consider the local prudential regulator, APRA, to be crucial as Insignia has a strong hold on the broader superfund market

** Says offers place IFL on the same trading multiples as peer AMP AMP.AX, with the latter having a stronger balance sheet, better flows and proven cost-control story

** Brokerage has a current "under-weight" view on IFL, premised on its wealth outflows, with several platform integrations elevating outflow risks plus placing pressure on free cash flows

** Stock has risen 54.3% this year, as of last close

(Reporting by Rishav Chatterjee in Bengaluru; editing by Diane Craft)

((Rishav.Chatterjee@thomsonreuters.com;))

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editing by Diane Craft)</p><p> ((Rishav<a href=\"https://laohu8.com/S/02403\">.C</a>hatterjee@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IFL.AU","symbol_name":"Insignia Financial Ltd","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241215:nL4N3NG06D:1","article_id":"2491950737","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491950737","pubTimestamp":1734306030,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-APRA's role significant in Insignia Financial's buyout, says Morgan Stanley** Shares of Australia's Insignia Financial IFL.AX fall 1.1% to A$3.57** The investment manager on Friday received a $1.70 bln takeover bid from private equity firm Bain Capital** Analysts at Morgan Stanley consider the local prudential regulator, APRA, to be crucial as Insignia has a strong hold on the broader superfund market** Says offers place IFL on the same trading multiples as peer AMP AMP.AX, with the latter having a stronger balance sheet, better flows and proven cost-control story** Brokerage has a current \"under-weight\" view on IFL, premised on its wealth outflows, with several platform integrations elevating outflow risks plus placing pressure on free cash flows** Stock has risen 54.3% this year, as of last close   ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IFL.AU":"Insignia Financial Ltd","BK7062":"资产管理与托管银行","BK7112":"其它综合性金融服务","AMP.AU":"AMP LIMITED"},"translate_title":"摩根士丹利表示，BUZZ-APRA在Insignia Financial收购中发挥了重要作用","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IFL.AU":0.9,"AMP.AU":0.9},"content_text":"BUZZ-APRA's role significant in Insignia Financial's buyout, says Morgan Stanley** Shares of Australia's Insignia Financial IFL.AX fall 1.1% to A$3.57** The investment manager on Friday received a $1.70 bln takeover bid from private equity firm Bain Capital** Analysts at Morgan Stanley consider the local prudential regulator, APRA, to be crucial as Insignia has a strong hold on the broader superfund market** Says offers place IFL on the same trading multiples as peer AMP AMP.AX, with the latter having a stronger balance sheet, better flows and proven cost-control story** Brokerage has a current \"under-weight\" view on IFL, premised on its wealth outflows, with several platform integrations elevating outflow risks plus placing pressure on free cash flows** Stock has risen 54.3% this year, as of last close  (Reporting by Rishav Chatterjee in Bengaluru; 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