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Bain Capital sweetens proposal for Australia’s Insignia Financial to almost $1.8 billion


(Reuters) – Australia’s Insignia Financial stated on Monday, exclusive equity company Bain Capital has actually sweetened its proposal for the 178-year-old riches supervisor, currently valuing it at A$ 2.87 billion ($ 1.76 billion), weeks after Insignia turned down Bain’s earlier deal.

($ 1 = 1.6279 Australian bucks)

(Reporting by Rajasik Mukherjee in Bengaluru; editing and enhancing by Diane Craft)



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