Insignia Financial (ASX:IFL) will grant CC Capital limited due diligence access to assess an improved version of its revised indicative proposal, subject to a confidentiality and standstill agreement, according to a Monday filing with the Australian bourse.
The company stressed that this does not guarantee a binding offer or a proposal that the Board can recommend. Shareholders need not take any action at this stage, the filing said.
Shares of the company edged up in recent Monday trade and earlier hit their highest since August 2021.
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