Bain Capital raised its bid for Insignia Financial (ASX:IFL) to AU$4.30 cash per share from AU$4 cash per share, according to a Monday filing with the Australian bourse.
The revised bid represents a 7.5% premium to the original offer and the same proposal as that of rival CC Capital Partners.
Bain Capital noted in its new offer that it is open to offering a part of the total consideration in scrip in the ultimate Bain Capital-controlled holding entity of Insignia Financial, per the filing.
Insignia Financial said it is considering Bain Capital's offer in parallel with its consideration of CC Capital's proposal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.