Insignia says CC Capital bid remains on foot | Australian Markets
Insignia Financial has confirmed that the non-public equity takeover bid by CC Capital Partners remains on foot.
Insignia has used an announcement to the Australian Securities Exchange to substantiate that it remains in discussions with CC Capital.
The future of the CC Capital Partners bid to accumulate all of the shares in Insignia has been the subject of hypothesis, however the Insignia announcement mentioned that it, along with its financial and legal advisers, had been persevering with to have interaction with CC Capital in reference to the proposal.
“There is no certainty that the ongoing discussions will result in any transaction being put to Insignia Financial shareholders for their consideration,” the announcement mentioned.
The CC Capital Partners bid has remained lively regardless of the pull-out of a competing bid by Bain Capital earlier this yr.
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