Insignia Financial receives green light from Federal Court on CC Capital takeover
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The news: Wealth manager Insignia Financial has received approval from the Federal Court for a $3.3 billion buyout by US-based private investment firm CC Capital Partners.
The context: The approval follows overwhelming shareholder approval for the deal earlier this month, with 89.96% in favour of the takeover deal.
Insignia said it will suspend the quotation of its shares on the ASX effective from the close of trading on 17 April.
The source: ASX
