AVID Matches Warburg Pincus’ A$2.28 Billion Ingenia Proposal
Ingenia Communities said AVID Property Group exercised its matching right on Warburg Pincus’ latest proposal, valuing the Australian lifestyle housing developer at A$2.28 billion ($1.58 billion).
Australia's Ingenia Communities ASX:INA said on Tuesday that AVID Property Group has once again matched rival bidder Warburg Pincus' latest proposal, valuing the lifestyle housing developer at A$2.28 billion ($1.58 billion).AVID, a Sydney-based real estate developer, exercised its matching right un…