(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.
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“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.
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