Bain's $1.7b offer rebuffed by Australia's Insignia on valuation concerns

Bain's $1.7b offer rebuffed by Australia's Insignia on valuation concerns

The logo of Bain Capital is displayed on the screen during a news conference in Tokyo, Japan October 5, 2017. REUTERS/Kim Kyung-Hoon/File Photo

Australia’s Insignia Financial has rejected Bain Capital’s A$2.67 billion ($1.69 billion) takeover bid, saying the offer does not provide fair value to its shareholders, creating a barrier for the buyout giant’s Asia expansion plans.

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