Australia’s year in deals kicks off with $2.9b bolt from the blue 

CompaniesChanticleerChanticleerGet off the beach, the new year has begun with a doozy of a buyout bid. It is not straightforward, but it is a bit of fresh meat.Updated Jan 6, 2025 – 11.31am, first published at 11.00amSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? 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.Loading…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 [email protected] to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? License articleLatest In Financial servicesFetching latest articlesMost Viewed In Chanticleer