excerpt from AFR Less is known about Compare the Market -...

excerpt from AFR
Less is known about Compare the Market - although fundies do understand it is not short of funds. Compare the Market's parent company is backed by Canadian pension fund giant CPPIB, which took a 30 per cent stake for £675 million late last year in a deal valuing it at 17.9-times pre-tax profit.
Such a multiple would value iSelect well north of its $180 million market capitalisation - although it must be noted Compare the Market was not a company with a history of letting down shareholders and without a CEO, like iSelect.

So we wont be getting an offer for $2 anytime soon but I think an offer between $1.20 to $1.50 if received should be wholeheartedly accepted and recommended.

Could be some time before they make their move though.