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(Updates with details and share moves from paragraph 2) Sept 22 (Reuters) — Australia's IDP Education said on Tuesday it had rejected a roughly A$694.7 million ($493.79 million) takeover proposal from Blackstone, saying the approach substantially undervalued the company. Blackstone Singapore on September 9 offered A$2.
Australia's IDP Education said on Tuesday it had rejected a takeover proposal from Blackstone that valued the firm at about A$694.7 million ($493.79 million), saying the approach substantially undervalued IDP.