Ingenia Communities mulls improved A$2.14 billion Warburg Pincus buyout offer
Warburg Pincus lifted its proposal to A$5.25 per share from A$5.05, valuing Ingenia at A$2.14 billion. The offer still requires Ingenia to abandon its planned acquisition of master-planned communities developer Peet.
50 billion) buyout proposal from private equity firm Warburg Pincus after rejecting two earlier bids. 7% premium to the stock's last close. 94 billion. Ingenia said its board was reviewing the revised proposal and had not yet reached a view on either the offer or its conditions, and did not make a recommendation to shareholders.
Warburg Pincus kept the earlier condition that Ingenia drop its planned $711-million acquisition of master-planned communities developer Peet, a deal Ingenia says is central to its strategy. 4261 Australian dollars.