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Guess which ASX 200 financial stock is rocketing 13% on big takeover news

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The Insignia Financial Ltd (ASX: IFL) share price is catching the eye on Friday.

In morning trade, the ASX 200 financial stock is up 13% to a 52-week high of $4.83.

Why is this ASX 200 financial stock rocketing?

Investors have been bidding the diversified financial…



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