Bain Capital Raises Takeover Offer for Australia’s Insignia to $1.8 Billion
Bain Capital's Offer: Bain Capital has matched a US$1.8 billion takeover bid for Insignia Financial, intensifying competition with CC Capital Partners for control of the Australian wealth manager.
Revised Proposal Details: Insignia received a revised cash offer from Bain worth 4.30 Australian dollars (approximately US$2.64) per share on Saturday.
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Lendway Inc. Rebrands as Bloomia Holdings, Inc.
- Corporate Name Change: Lendway, Inc. announced it will change its name to Bloomia Holdings, Inc. effective February 2, 2026, aligning its corporate identity with current operations and long-term growth objectives, reflecting commitment and enthusiasm for future development.
- Ticker Symbol Change: Following the name change, the company's stock will trade under the new symbol TULP on NASDAQ, which is the Dutch word for tulip, symbolizing the company's focus on its core business and expected to enhance market recognition.
- Management Commentary: Co-CEO Mark Jundt stated that the tulip business is the company's prized asset, and the name change reflects a commitment to Bloomia's future, demonstrating confidence in the company's growth trajectory.
- Industry Position: Bloomia Holdings, Inc. is one of the largest producers of fresh-cut tulips in the United States, focusing on agricultural investments, and the rebranding is expected to further solidify its leadership position in the industry.
Lendway Stock Soars Almost 20% in After-Hours Trading — Find Out the Reason
Stock Performance: Lendway Inc. (NASDAQ: LDWY) saw a 19.88% increase in after-hours trading, reaching $4.10, despite closing down 3.11% at $3.42 during regular trading. The stock is down 26.92% year-to-date.
Certificate of Amendment: The company filed a Certificate of Amendment in Delaware, increasing its authorized common stock from 5.71 million to 10 million shares, effective immediately.
Shareholder Approval: The proposal to increase authorized shares received 1.17 million votes in favor, with 223,490 against and 5,241 abstentions, following resolutions passed by the Board on September 26.
Annual Meeting Outcomes: During the Annual Meeting, six nominees were elected as directors for a one-year term, with CFO Elizabeth E. McShane signing the filing related to the stock amendment.
