Warburg Pincus Sweetens Bid for Australia's Ingenia, Exceeding AVID Offer
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11:59:21 PM UTC
SquawkNews
Australia's Ingenia Communities ASX:INA said on Wednesday it had received a fourth, improved offer from private equity firm Warburg Pincus, valuing the property developer at A$2.24 billion ($1.55 billion).The improved bid of A$5.50 apiece represents a 50.7% premium to Ingenia's last closing price b…