BRIEF-Insignia Financial Receives Revised Indicative Non-Binding Proposal

Reuters
13 Jan
BRIEF-Insignia Financial Receives Revised Indicative Non-Binding Proposal

Jan 13 (Reuters) - Insignia Financial Ltd IFL.AX:

  • IFL RECEIVES REVISED INDICATIVE NON-BINDING PROPOSAL

  • RECEIVED A REVISED NON-BINDING AND INDICATIVE PROPOSAL FROM BAIN CAPITAL TO ACQUIRE ALL OF SHARES IN INSIGNIA FINANCIAL

  • BAIN CAPITAL TO ACQUIRE ALL OF SHARES IN CO AT A PRICE OF A$4.30 CASH PER SHARE

  • BAIN OPEN TO PROVIDE SHAREHOLDERS TO RECEIVE PROPORTION OF THEIR TOTAL CONSIDERATION AS SCRIP IN ULTIMATE CONTROLLED ENTITY

Further company coverage: IFL.AX

((Reuters.Briefs@thomsonreuters.com;))

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