Insignia Financial shares rise on extended exclusivity period
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More news: Insignia Financial shares were up 2.92% to $3.7 in early trade after it announced that it had extended the exclusivity period with both Bain Capital and CC Capital for an extra four weeks.
Over the last 12 months, Insignia's share price has rocketed 55.67%.
Insignia Financial extends takeover exclusivity periods for Bain, CC Capital
The news: Insignia Financial has extended the exclusivity period with both Bain Capital Private Equity and CC Capital Partners in their respective exclusivity deeds to acquire all of the shares in the company.
The context: The four week extension will allow the bidders to finalise debt funding and associated due diligence, and finalise scheme implementation deed terms.
Both Bain and CC Capital increased their takeover bids in March to $5 per share. Insignia shares last closed at $3.60.
The source: ASX
