Australia’s Insignia shares climb on US$1.8bil bid from CC Capital

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SYDNEY: Insignia Financial shares shot up to a three-year high yesterday after it revealed a A$2.87bil (US$1.78bil) takeover bid from US-based investment manager CC Capital Partners, eclipsing a A$2.67bil offer from Bain Capital.

CC Capital was formed almost a decade ago by Chinh Chu, who was Blackstone’s former co-head of private equity, according to the firm’s website.

Insignia said its board was considering CC Capital’s proposal to assess if it was in the best interests of its shareholders.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: Takeover Corporate News CC Capital Insignia Financial /Business/Business News Bain Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-07 @ 00:00:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Star

News ID: 24939833

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