Australia's Insignia Financial receives sweetened bid from Bain Capital at $1.92 bln
22/01/2025 21:46
Jan 23 (Reuters) - Insignia Financial IFL.AX said on Thursday it has received an improved offer from U.S.-based Bain Capital to acquire the money manager for A$3.07 billion ($1.92 billion), matching rival CC Capital Partners' offer as bidding war escalates. ($1 = 1.5949 Australian dollars) (Reporting by Roushni Nair in Bengaluru; Editing by Alan Barona) ((Roushni.Nair@thomsonreuters.com))
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