Australia's Insignia Financial rises as Morningstar favours CC Capital's acquisition proposal

Insignia Financial

23/03/2026 23:24

Updates

** Shares of Australia's Insignia Financial IFL.AX rise as much as 0.2% to A$4.760

** Analysts at Morningstar recommend IFL shareholders vote in favour of proposed acquisition by CC Capital Partners at upcoming scheme meeting on April 13

** Morningstar keeps fair value estimate at A$4.80 per share

** Investment research firm says deal provides shareholders with immediate cash at a compelling premium, removing exposure to structural and execution risks

** Insignia's board unanimously recommends the scheme, in absence of superior proposal

** Three of four analysts rate the stock "hold" and one "sell" or lower; their median PT is A$4.80, according to data compiled by LSEG

** Stock has risen 4.2% this year, as of last close

 (Reporting by Roshan Thomas & Rajasik Mukherjee in Bengaluru)

 ((Roshan.Thomas@thomsonreuters.com))