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Australia's Ingenia Communities Group ASX:INA said on Monday it was assessing an improved A$2.14 billion ($1.50 billion) buyout offer from private equity firm Warburg Pincus after rejecting two earlier bids, sending its shares sharply higher.Here are some more details:($1 = 1.4261 Australian dollar…
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.
Australia's Ingenia Communities Group ASX:INA said on Monday it was assessing an improved A$2.14 billion ($1.50 billion) buyout offer from private equity firm Warburg Pincus after rejecting two earlier bids.Here are some more details:($1 = 1.4261 Australian dollars)