CC Capital Given Access to Insignia Books Amid Takeover Battle

Bloomberg
01-20

(Bloomberg) -- Insignia Financial Ltd. gave CC Capital Partners access to some of its accounts for a limited time as it attempts to lure the US firm into a higher offer for the Australian wealth manager. 

Most Read from Bloomberg

  • NYC Commuters Get New Way to Dodge Traffic: $95 Helicopter Rides
  • How Sanctuary Cities Are Preparing for Another Showdown With Trump
  • What LA’s Fires Mean for the City’s Housing Shortage
  • Scaramucci, Ackman Donate to Whitney Tilson’s NYC Mayoral Run
  • Deadly Landslide of Garbage Displays Uganda's Missed Opportunity

“The provision of limited due diligence does not guarantee that the CC Capital revised indicative proposal will result in a binding offer or one that is capable of being recommended by the board of Insignia,” Insignia said in a statement Monday. 

CC Capital last week raised its takeover offer to A$4.60 per share, or about A$3.1 billion ($1.9 billion). It’s battling with Bain Capital as the overseas players try to get access to the growing pensions market. 

Most Read from Bloomberg Businessweek

  • Walgreens Replaced Fridge Doors With Smart Screens. It’s Now a $200 Million Fiasco
  • Giant Batteries Are Transforming the World’s Electrical Grids
  • The Swiss Sneaker Brand Outrunning Nike and Adidas
  • Eight Years of Populism Hasn’t Gotten America Very Far
  • Plastic Surgery Boom Lures South Korea’s Overworked Doctors

©2025 Bloomberg L.P.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10