its interesting to see if share price goes up or down if the offer around $4.6 is rejected. that 2.2 b gap is due to take over debt and merger issues with MLC. they are now coming back on track by combining the businesses and reducing advisor numbers etc. they also offloaded some assets that does not align with their future growth.regardless u believe it will be worth at least around 4 billion. their complicated business model is perhaps to blame. CC Capital can perhaps use its sophisticated platform and it could have nice synergy to combine businesses. lower aud giving them the opportunity to acquire around 2.1 billion usd I guess. whatever it is I would like to see it sorted and put this takeover saga on rest.
IFL Price at posting:
$3.41 Sentiment: Buy Disclosure: Held
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