Insignia Financial (ASX:IFL) said its shareholders voted in favor of the proposed acquisition of all of the shares of the company by Daintree BidCo, an entity established by CC Capital Partners and its affiliates, via a scheme of arrangement, according to a Monday Australian bourse filing.
The company said 98.65% of the votes cast by its shareholders were in favor of the scheme resolution.
The scheme remains subject to Court approval at a hearing on Thursday and certain other conditions precedent, per the filing.
Insignia Financial's shares were marginally higher in recent Monday trade, hitting their highest since March 2020.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments