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.
What is covered in the Full Insight:
Introduction to Bain's Proposal
Indicative Offer Details
Shareholder Responses
Market Comparisons and Deals
About Insignia Financial
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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