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Latest news with #IOOF
Sky News AU
14-05-2025
- Business
- Sky News AU
Bain Capital pulls out of Insignia bid
Shares in Insignia, once known as IOOF and MLC, collapsed by 15 per cent on Wednesday after Bain Capital said it has withdrawn its takeover bid for the wealth manager. The offer was $3.3 billion. Insignia was the subject of an intense takeover battle between Bain, Brookfield, and New York-based CC Capital, the last remaining bidder.
News.com.au
14-05-2025
- Business
- News.com.au
Bain Capital pulls out of Insignia bid
Shares in Insignia, once known as IOOF and MLC, collapsed by 15 per cent on Wednesday after Bain Capital said it has withdrawn its takeover bid for the wealth manager. The offer was $3.3 billion.
