** Shares of Insignia Financial IFL.AX fall 0.7% to A$4.46
** Still, stock of the wealth manager has climbed 25.9% so far in January, set for their best month since October 2024, if gains hold
** Shares hover around a three-year high touched last week
** Co has been the subject of a bidding war between U.S.-based Bain Capital and CC Capital Partners
** Last week, Bain Capital increased their offer for Insignia to $1.9 bln, matching rival CC Capital's revised offer
** Insignia received an initial $1.7 bln takeover offer from Bain in December, but CC Capital emerged as a rival bidder with an $1.8 bln bid in early January
** The offer was then subsequently increased till $1.9 bln by both parties during Jan
** IFL stock has gained 26.5% this year, as of last close
(Reporting by John Biju in Bengaluru)
((John.Biju@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.