Both Offers remain non-binding. IFL is engaged and supportive. Trading at a 5%/11.8% gross/annualised spread assuming a five month off-ramp. I would not pay much beyond the current level.
What is covered in the Full Insight:
Introduction and Background
Recent Developments in IFL's Acquisition Offers
Details of Indicative Offers by Bain and CC Capital
Analysis of Shareholder Reactions and Market Movements
Conclusion and Future Considerations
SUMMARY
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