Insignia Financial (ASX:IFL) said it is in discussions with CC Capital for a possible takeover in the coming weeks, according to a Wednesday Australian bourse filing.
CC Capital has said it is working towards making a binding bid for the company in the coming weeks.
Bain Capital Private Equity, another bidder, has withdrawn its offer because of macro uncertainties.
There is no certainty that the discussions will result in any transaction, the filing added.
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.