18/12/2024
ASX-listed Insignia Financial has rejected the non-binding $2.7 billion offer from Bain Capital, saying the bid “does not adequately represent fair value” for shareholders.
Bain offered $4 per share to acquire the wealth giant.
Insignia was financially advised by Citigroup and Gresham Advisory and legally advised by King & Wood Mallesons.
legalsuper has announced the appointment of highly regarded investment professional Andrew Lill to the role of interim chief investment officer.
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We acknowledge the Traditional Custodians of this land upon which Conexus Financial sits, the Cadigal of the Eora Nation. We recognise their continuing connection and unique cultural and spiritual relationships to the land, waters and community. We pay our deepest respects to them and their culture, and to Elders both past and present.
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