bullish

Insignia Financial (IFL AU): Bain's A$4.00/Share NBIO. Needs More Gruel

582 Views13 Dec 2024 09:13
Terms are non-binding. IFL's board may engage at these terms; but I'd they'll hold out for a small bump. Trading at a 9.6% gross spread. I'd be picking up shares here and on any weakness.
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Boomeranged on Tue, 17 Dec 2024 11:31
Not the Australian's finest moment. After an article flagged Tanarra Capital to be reportedly "backing Bain Capital’s bid", Tanarra responded by saying the "article ... regarding Tanarra’s intentions for its shareholding in Insignia is entirely and categorically false. No comment was provided by Tanarra prior to the publication of the article. We regard the Bain proposal as highly opportunistic."
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