It took only three days for the first multibillion-dollar buyout bid to land for an ASX-listed company, and it is a doozy.
In a bolt from the blue, a New York-based private equity firm called CC Capital – never before involved in an Australian public company takeover – has offered almost $3 billion for MLC-owner Insignia Financial.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
