Good evening,

It’s been three weeks since Bain Capital tapped out of the bidding war at Insignia Financial – and even longer since we heard a peep out of the last-standing suitor CC Capital.

The stock is trading at $3.62, which is miles off the $5 per share that both bidders had offered. Not surprisingly, plenty of investors have questioned if the New Yorker is still working to firm up its non-binding indicative bid from March – or if it is about to walk out with an excuse such as “macro uncertainty” that Bain Capital cited in its parting note.

Street Talk can reveal that, despite the radio silence, CC Capital is still very much at the table and keen to secure a foothold in the Australian financial services market.

Read the full story tomorrow and more on the Street Talk page.

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The Australian sharemarket edged lower on Thursday as investors waited for the next catalyst to help drive the S&P/ASX 200 Index to a fresh peak.

Click here for the latest equity market wrap.