By John Biju
(Reuters) -Insignia Financial shares jumped to a more than three-year high on Wednesday after Brookfield offered A$3.07 billion ($1.92 billion) to buy the Australian wealth manager, matching the bids from Bain Capital and CC Capital Partners.
The offer is the latest among efforts by global firms to tap into Australia's lucrative A$4.1 trillion superannuation system.
Global asset management firm Brookfield offered to pay A$4.60 per share, Insignia said in a statement, representing a 6.5% premium to the stock's last close on Tuesday.
U.S.-based Bain Capital and CC Capital Partners raised their bids to $1.