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Australia's Ingenia Communities Group on Monday rejected a A$2.06 billion ($1.47 billion) takeover bid from Warburg Pincus, the private equity firm's second attempt to buy the land-lease community operator. Warburg's latest offer, at A$5.05 cash per share, is nearly 6.3% higher than its previous A$1.94-billion offer, a
Ingenia Communities Group said it rejected Warburg Pincus’ second takeover attempt, offering A$5.05 cash per share for a total of A$2.06 billion.
Australia's Ingenia Communities Group said on Monday it had rejected a A$2.06 billion ($1.47 billion) takeover bid from Warburg Pincus, the private equity firm's second attempt to buy the land-lease community operator. Warburg's latest offer, at A$5.05 cash per share, is nearly 6.3% higher than its last A$1.94-billion