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Ingenia rejects improved $1.47B Warburg Pincus takeover offer

Ingenia Communities said Warburg Pincus failed with an improved US$1.47 billion offer and indicated it would consider higher offers.

INA

47 billion offer for Australian retirement village operator Ingenia Communities, which said it would be prepared to consider higher bids. Ingenia, which owns retirement villages and holiday parks in Australia, said Monday.