In today’s briefing:
- Insignia Financial (IFL AU): Bain Rejection Follows Tanarra’s Lead
Insignia Financial (IFL AU): Bain Rejection Follows Tanarra’s Lead
- After Tanarra Capital categorically refuted an Australian article alleging Tanarra was supportive of Bain’s Offer, Insignia Financial (IFL AU)‘s board’s response was all-but rubber stamped.
- Insignia reckons Bain’s Offer does not represent fair value, and in the “context of a change of control transaction“.
- What now – does Bain bump? Tough call in a space where one, possible two deals, may lapse in short succession.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
