Ingenia rejects Warburg Pincus’ revised A$2.06b takeover bid
Ingenia Communities Group said it rejected Warburg Pincus’ second takeover attempt, offering A$5.05 cash per share for a total of A$2.06 billion.
Australia’s Ingenia Communities Group ASX:INA said on Monday it rejected a A$2.06 billion ($1.47 billion) takeover bid from Warburg Pincus, the private equity firm’s second attempt to acquire the land-lease community operator. Warburg’s latest proposal was A$5.05 cash per share, almost 6.3% above the prior offer.